Explaining SHIBOR & China's Credit Crunch

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Explaining SHIBOR & China's Credit Crunch

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Explaining SHIBOR & China's Credit Crunch

by CNBC Videos 4:16 mins

CNBC's Michelle Caruso Cabrera explains SHIBOR, the Shanghai Interbank Offered Rate, and why it has been rising of late. It was one of the things that drove the market down yesterday.

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