Recent credit shortage not a major concern for nation
By Luo Jiexin and Xue He | China Daily | Updated: 2013-12-30 07:45
Finance | Luo Jiexin and Xue He
Soon after the United States announced a tapering of its bond-buying program, better known as quantitative easing, China's money markets experienced a new credit shortage.
The overnight Shibo, the Shanghai Interbank Offered Rate, rose to a multi-week peak of 4.515 percent on Dec 23, 100 basis points higher than before the US announced its tapering.
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