• A Guide to China's $9 Trillion Shadow-Banking Maze

    12 days ago - By Washington Post

    Shadow banking in China is a vast ecosystem which connects thousands of financial institutions with companies, local governments and hundreds of millions of households. Its growth in recent years, fueled by asset management products and peer-to-peer lending, lifted a broad measure of shadow banking assets to an estimated $10 trillion. But then the crackdown came, prompted by a government campaign to tackle risks in the financial industry that might threaten the wider economy. One of the main pro
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