Four years ago this week, the overnight borrowing rate between banks in China surged to 30 per cent. Photo: Reuters

Four years after China’s cash crunch, has ‘Mother PBOC’ spoiled her ‘kids’?

In June 2013, China’s overnight borrowing rate between banks surged to 30 per cent. Will lingering fear hinder Beijing’s efforts to prevent a future meltdown?

Topic |   Money Matters

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Four years ago this week, the overnight borrowing rate between banks in China surged to 30 per cent. Photo: Reuters
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