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China's Leaders Beginning To Confront Its Economic Problems

Posted: June 27, 2013

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Last week was a wild one for China's economy. Overnight borrowing rates spiked, lending between banks began to freeze up and the Shanghai stock market took a nose-dive. Things have calmed down since then, but the underlying problems that triggered the panic remain. Among them, the explosive growth of the country's so-called shadow banking sector.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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