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A comment on Baoshang collapse threatens China's economy, may trigger central bank response. Parent comment

Re:Baoshang collapse threatens China's economy, may trigger ... by fspeech on Sunday June 30, 2019 @03:16AM (#20316855)
This was the first default in the interbank market so it broke the implicit credit guarantee in the interbank market. So this is a reform that is long overdue but they have to start from somewhere.
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