Shadow Banking Returns to the Spotlight as China’s Property Woes Deepen
For many observers, the latest missed payment crisis feels uncomfortably familiar. Shadow banking—once blamed for fuelling risky lending sprees—has once again emerged as a source of instability, just as China grapples with a prolonged downturn in its property sector. The failure of Zhejiang Zhejin Asset Operation to honour redemptions on billions of yuan in wealth […]
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