Reform spotlight on China's shadow loans.
Mondaq Business Briefing › Nbr. 2011, January 2011
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Reform spotlight on China's shadow loans.
One of the persistent concerns about China's recent boom is that it has been financed by excessive debt and that this debt burden will trigger a fiscal or financial crisis. The concern is heightened because of the explosion in credit extended by non-bank financial institutions outside the official channels - the so called "shadow" banking market.1
China has a long history of shadow market financing flowing from small, informal and unregulated groups, to all sectors not w...See the full content of this document
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