China c.bank calibrates squeeze to send message, avoid panic

SHANGHAI, Dec 24 (Reuters) - Cash rates in China have surged to six-month highs and then eased as the central bank tries to enforce market discipline on banks to curtail unregulated lending, and...

from Reuters: Financial Services and Real Estate http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/0rvtWRPpBSw/story01.htm