China to Face More Pains, More Defaults, Howie Says

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June 9 (Bloomberg) -- Fraser Howie, a director at Newedge Singapore and co-author of "Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise," talks about the nation's economy, government and central bank policies. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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