Liquidity crisis hits Shanghai stocks

Jun 25, 2013 : The People's Bank of China's hard line on liquidity has caused a sharp fall and ongoing volatility on the Shanghai Composite this week. Wendy Liu, head of China Equity Research at Nomura tells the FT's Josh Noble that the immediate problem is a technical credit crunch at the interim period of the year, but that the effect on the wider economy over the coming months remains uncertain
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