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Julius Baer: Efforts to rein in shadow banking will weigh on China’s economy

Initiatives aimed at reining in China’s shadow banking sector will likely lead to a mild moderation of growth from autumn, according to Julius Baer. “As the crackdown on shadow banking also led to slightly higher interest rates and will be maintained for some time so as to ensure a noticeable effect, it is likely to have a dampening effect on…

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