China braces for capital flight and debt stress as Fed tightens

China braces for capital flight and debt stress as Fed tightens - Telegraph: "China appears increasingly worried that monetary tightening by the US Federal Reserve could trigger capital flight from the People’s Republic and set off a Chinese corporate debt crisis."

China Signals No Relief on Cash Squeeze - WSJ.com: "A commentary published Sunday by the official Xinhua news agency said there was no shortage of funds in China's financial system. Rather, it said, a combination of speculation and nonbank forms of lending often called shadow finance were contributing to the surge in short-term lending rates."

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