China readies massive bank bailout fund as slowdown looms

by Boo_Randy

More extend-and-pretend in China.

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Lifeline for big institutions aims to mitigate systemic risk in times of turmoil

BEIJING — China is expanding its safety net for the financial sector with a new rescue fund that could run into the tens of billions of dollars, as a cooling domestic economy and tightening monetary policy abroad pose growing risks.


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