BANK OF AMERICA: China could be heading for its own credit crunch

The trading year started with a bang in China.

On Monday, China's blue-chip stock market — the CSI 300 — fell 7% in the worst trading day in four months. The sell-off saw about $590 billion wiped from Chinese shares, according to Bloomberg. The fall was so steep that it triggered a break clause that suspended trade for the day. More...

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