Monday, July 29, 2013

Credit-Crunch in China and All Over Asia




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Credit-Crunch in China and All Over Asia



Follow ZeroHedge in Real-Time on FinancialJuice The Institute of International Finance (IIF) has released data that shows that the credit crunch in China is hitting harder than was thought at first and is secondly at the worst level since the global financial crisis landed on everyone’s plate. The IIF began the surveys in 2009 as a result of the financial crisis and the figures show for Chinathat the situation has never been worse than today. China and Credit The 50-point level which determines whether credit availability is easing or tightening now shows that we are below that level in China today (currently standing at 45.7 on the index). That’s also the first fall in lending conditions in China for the first time in 18 months.






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