China's entrepreneurs brace for credit crunch

Associated Press
China's entrepreneurs brace for credit crunch

In this Wednesday June 26, 2013 photo, a woman works in a textile factory in Zouping, in eastern China's Shandong province. A cash shortage that hit China’s credit markets this month was the first shock wave from what analysts say could be Beijing’s most drastic clampdown on credit in two decades. China will benefit in the long run from a safer financial system, but the short-term cost will be a painful squeeze on entrepreneurs. (AP Photo) CHINA OUT

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