• 'Walking a tightrope': China's debt situation is drawing comparisons to the US mortgage crisis

    8 monthes ago - By Business Insider

    Wealth-management products are collections of financial instruments sold as one high-yield investment.
    They may pose risks similar to those of mortgage-backed securities in the US leading up to the financial crisis, according to analysts.
    A trade war may not be China's biggest problem.
    Analysts are cautioning against the country's use of wealth-management products, or groups of financial instruments that are sold as one high-yield investment. Takahide Kiuchi, an economist at Nomura, thinks they may even pose risks that mirror those that led up to the Great Recession.
    "The situation...
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