• 11/26/2024

China’s shadow banking crisis sparked by defaulting property developers could trigger broader threat to economy, analysts warn

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Macroeconomic headwinds and a slew of defaults in the property sector have sparked concerns that a liquidity crisis rattling China’s shadow banking industry could trigger risks in the broader finance sector and challenge the country’s already weakening economy, according to analysts.

https://www.scmp.com/business/banking-finance/article/3231490/chinas-shadow-banking-crisis-sparked-defaulting-property-developers-could-trigger-broader-threat?utm_source=rss_feed