Shadow Banking in China Appears to Have Made a Roaring Comeback
November data show a surprise jump in shadow-banking activity — a key risk to Chinese financial stability — as credit boom gathers steam.
This article is for subscribers only.
Time to don the tin hats?
Chinese shadow-banking activity registered a surprise jump in November, throwing into sharp relief how policy makers are struggling to make good on their vow to rein in the runaway loan growth that threatens the stability of the financial sector.