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Time nearing for PBoC to do “whatever it takes”, says Credit Suisse

“We are seriously worried about the financial channel,” a recent Credit Suisse report says, outlining what it views as significant risks in China’s economy. It adds also that it may be time for the PBoC to make an outsized policy response. With some RMB3.7 trillion (US$600 billion) sunk into total margin financing and additional underground borrowing and OTC borrowing, Credit…

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