Global Courant
Zhongrong, one of China’s largest trusts, missed payments to customers in August.
China’s secretive shadow banking sector includes massive financial institutions and is worth more than $3 trillion – that’s about the size of the UK economy.
But after years of exponential growth, several companies have defaulted on paying billions of dollars to investors.
In recent years, the Chinese government has restricted risky lending – to limit the risk of contagion to the broader economy. Now concerns are growing again about the financial stability of shadow lenders.
Elsewhere in Syria, anger is growing over a worsening economic crisis.
In addition, we look at why the price of uranium is soaring.
What risks do Chinese shadow banks pose to the economy? | Business and Economy
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