SHANGHAI — The growth of the Chinese trust sector, the largest component of the country’s so-called shadow banking system, slowed markedly in the second quarter after a government clampdown on risky lending.
China’s top leaders have signaled concern over runaway credit growth and the risk of a debt crisis as local governments and companies borrow at high interest rates from nonbank lenders, and especially from trust companies.
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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/div10p7ZZbI/
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