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What's going on with China's shadow banking system?

3 years 1 month ago
The world's second biggest economy is in a rut. Chinese households are spending less money, factory production is slowing and businesses are investing at a slower pace than they were last year. Unemployment among the country's youth has jumped so much that Beijing decided to stop releasing the data. The real estate market is in a downfall with home prices dropping and a number of developers defaulting.
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