PBOC to Extend Cash Crunch as Zhou Discovers Flaws

PBOC to Extend Cash Crunch as Zhou Discovers Flaws

Tomohiro Ohsumi/Bloomberg

Buildings stand in the Lujiazui financial district in Shanghai. The nation’s total credit, including off-balance-sheet loans, swelled to 198 percent of gross domestic product in 2012 from 125 percent four years earlier, Fitch Ratings estimated in May.