China’s fishy trade export data raises eyebrows
Aug 12, 2013
China’s great fake trade scam
China’s central bank was the primary cause for the interbank lending spike, but "fake trading" precipitated the problem.
You may think we have been labouring the point, but explaining the Shibor Spike is key to understanding China’s recent regulatory behaviour. Besides, when interbank overnight rates briefly topped 30%, the phenomenon should be examined thoroughly.
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