Reuters: Money News: China's cash squeeze caused by shadow banking - Xinhua

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China's cash squeeze caused by shadow banking - Xinhua Jun 23rd 2013, 07:06 SHANGHAI (Reuters) - There is ample liquidity in China and the latest spike in money market rates was a result of market distortions caused by widespread speculative trading and shadow financing, state news agency Xinhua said in a commentary on Sunday.

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