Default highlights dangers of China's shadow banking
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In this article
- Industrial and Commercial Bank of China (ICBC)
- China Construction Bank (CCB)
- Crucial contribution
- Hiding risk
- Emergency financing
- Rising local government leverage
- High corporate debt
- Profits squeezed
- Banks under pressure
- Bands, not banks
- Default option?
- Foreign threat?
What is this?
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_350.jpg "Lightning is seen above buildings during a storm in central Shanghai (Reuters/Aly Song)")