Construction site, Fuzhou, Fujian province
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Fears over China's credit crunch

10 July 2013 Last updated at 01:29 BST

Over the last decade China's property firms and local authorities have amassed huge debts during a construction boom.

Last month the government attempted to curb that lending by limiting the credit available to state banks, sparking fears of a credit crunch.

Our correspondent in Beijing, Martin Patience, reports on the government's delicate situation.