The central bank has started to drain liquidity by lifting Banks' reserve requirements, and some Banks have been told to reduce their lending.

China has made enormous strides in lifting its population out of poverty - but the task was perhaps more gargantuan than most people thought and progress has been overstated by bank estimates.

Lifting the cap entirely would mean the FDIC would be guaranteeing the remaining $1.8 trillion of U.S. bank deposits.