China is making yet another attempt to rein in its overleveraged financial system, threatening to hamper the economy at a time when credit growth is already decelerating. Investors outside the country don’t seem to care, but they should. China probably isn’t going to create another global financial scare as it did in 2015 and at the start of 2016, but the effects will still ripple around the world. China this year has...

Source: Wall Street Journal May 01, 2017 16:30 UTC