China's central bank sent global markets reeling when it attempted tighten credit and rein in the country's shadow banking system. But the consequences of China's credit binge may just be getting started, and experts say there could be more pain to come for the world's second-largest economy.
"We've been seeing tightening since the end of last year," said Leland Miller, China Beige Book International president. "This is not a spur of the moment decision by the central bank."
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