June 25, 2013 at 17:31 PM EDT
Chinese Stocks' Bad Performance Started Months Ago
Chinese stocks have taken a drubbing recently -- and no wonder, given the recent turmoil impacting the world's biggest emerging market. Chinese stocks have been sagging for months. Losses accelerated the past few days, thanks to weaker factory activity and a government-induced credit crunch. Beijing, worried about risky bad loans and rising bad debt, let higher interest rates deter reckless lenders. Hong Kong's Hang Seng stock index -- the
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