Reuters: Money News: China's rate reform may serve to shield indebted state firms

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China's rate reform may serve to shield indebted state firms Jul 21st 2013, 08:42 HONG KONG (Reuters) - China's decision last week to liberalise bank lending rates, though widely applauded, has raised suspicions that it reflects official concerns over possible loan defaults and is aimed at helping out heavily indebted state firms and local governments.

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