China's cash squeeze raises fears of global economic slowdown

China’s financial system is in the throes of a cash crunch, with interbank lending rates spiking Thursday and bank-to-bank borrowing nearly stalled, even as growth in the economy displays signs of slowing further. China’s interbank and money market rates have soared over the past two weeks, which has made banks and other financial institutions afraid of lending to one another. Those in need...

 
 
 
  Reported by msnbc.com 2 hours ago.