Ansuya Harjani joined CNBC's web and digital team in 2010, where she writes investment and feature articles with a focus on Asian economies. Prior to joining CNBC, she was a producer for the BBC's "Asia Business Report." Harjani holds a bachelor's degree in international relations from the University of Virginia.
There are some signs of distress among Chinese firms because of tighter liquidity conditions, according to one survey.
The Chinese central bank's hands-off approach to a credit crunch, which pushed short-term interest rates to record highs last week, could pose a serious threat to the financial system in the world's second largest economy.