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But they're not using the money for capital expenditures, they're just moving it to short-term investments.
Yesterday's bond issue means the nation's hangover from a notorious banking collapse will last for 70 years.
Authorities are delinking yuan from dollar, focusing on basket.
Former co-CEO of Pimco sees "enormous risk" in financial markets due to distortions caused by central bank policies.
Singh urges move to new benchmark for global rates.
Money fund reforms further compound problems of investor visibility, as traditionally reliable indicators misfire.