China’s Easy Money Flows Abroad as Credit Squeeze Hurts

in 2013, Bloomberg, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers
July 18th, 2013

GallagherBloomberg
Kevin Gallagher, College of Arts & Sciences

As China’s cash squeeze claims victims across the nation — from a bailout-seeking shipyard to a solar-panel maker missing a bond payment — there are places where Chinese money remains cheap and plentiful…

Expert quote:

“As opportunities go down and risks go up at home, these policy banks have gained a lot of power and they want to sustain themselves. The majority of the countries that are getting the finance are countries with bond spreads that are through the roof.”

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