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Is China serious about credit tightening?

Beijing can move the punch bowl away from the edge but it can't take it off the table

| China
A Mercedes-Benz car is for sell at a showroom in Shanghai: if China engages in tightening, there would be an impact on the global economy hurting sales for everything from cars to luxury goods.   © Imaginechina/AP

Andrew Collier is managing director at Orient Capital Research in Hong Kong.

After years of rampant growth, there is widespread talk in Beijing about a return to slower pace of credit expansion. This is being echoed by the western media. But is it true?

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