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‘Financial monsters’: China’s poor financial institutions complicate property disaster

Adella Miesner 1 year ago
‘Financial monsters’: China’s poor financial institutions complicate property disaster

To comprise the fallout from the Asian monetary disaster two many years ago, Beijing set up a team of undesirable banking companies and packed them with the country’s most toxic money owed. But with deepening distress in China’s assets sector threatening to spark wider economic turmoil, people poor banking institutions […]

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