China's manufacturing activity expanded at its slowest pace in seven months in April, as output and new orders rose at softer rates, according to a private survey. Photo: AFP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

China’s crackdown on shadow banking could seriously upset global markets

Very much the driving force behind the ‘reflation trade’, the global repercussions of further Chinese regulatory and monetary tightening to tame financial risk could become a lot more severe

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China's manufacturing activity expanded at its slowest pace in seven months in April, as output and new orders rose at softer rates, according to a private survey. Photo: AFP
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