Loosening credit standards is an odd way to deflate a credit bubble. But China’s credit market is particularly scary because of its shadow banking system. A change that lets banks lend more could allow sunshine in.
用放鬆信貸標準來抑制信貸泡沫是一種怪異的做法。但中國的信貸市場因其影子銀行體系而格外令人擔憂。讓銀行增加放貸的政策轉變可以讓陽光照射進來。
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