Black Holes at China's Shadow Banks

When I speak of cracks in China’s institutional foundation, I’m thinking in large part of China’s banking system … which as far as I can tell, isn’t really a banking system the way that we think of it. 

When I speak of cracks in China's institutional foundation, I'm thinking in large part of China's banking system -- which as far as I can tell, isn't really a banking system the way that we think of it.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.