China's cash crunch

It's been a nervous few days on Chinese stock markets in the wake of last week's cash crunch, which saw interbank lending rates in China rise to as high as 28 per cent. The Chinese central bank has made reassuring statements, but some commentators have talked about China being on the brink of a new financial crisis. Stefan Wagstyl, emerging markets editor and editor of the FT beyondbrics blog, and Simon Rabinovitch, Shanghai correspondent, join Shawn Donnan to look at the state of the Chinese economy.

iTunes Stitcher audioBoom SoundCloud Overcast RSS


Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.