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Waning trust: China shadow banks pivot away from property to survive

China s shadow banks pivot away from property to survive

Waning trust: China shadow banks pivot away from property to survive | The Asahi Shimbun: Breaking News, Japan News and Analysis

SHANGHAI/HONG KONG For more than a decade, Chinese developers’ debt-fueled construction boom enriched the country’s shadow banks, who were eager to capitalize on the needs of an industry desperate for credit and too risky for traditional lenders.

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