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China in credit crunch as Beijing targets debt

Associated Press
China in credit crunch as Beijing targets debt

FILE - In this Wednesday, March 13, 2013 file photo, Chinese paramilitary policemen stand on duty outside the People's Bank of China in Beijing, China. Pressures appeared to ease somewhat on Friday, June 21, 2013 as the key interbank lending rate dropped slightly, prompting speculation that the central bank had intervened, possibly through open market operations, to inject more funds into the system. The People's Bank of China generally does not comment on its market activities. (AP Photo/Ng Han Guan, File)

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