The COVID-19 outbreak has cast a gloomy shadow over not only the formal financial industry of China, but …
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Tag:
shadow banking
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The COVID-19 outbreak has put many people under financial pressure. Since financial institutions have tightened lending, people are …
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Shadow banking basically refers to a group of financial intermediaries that facilitate credit creation but are not subject …
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Economy
Understanding China’s Shadow Banking System and Its Fatal Risks
by Armin Auctorby Armin AuctorChina’s lending bubble has been a huge concern for economists for the past several years. A big chunk …