What risks do shadow banks of China pose to the economy? | Counting the Cost
Sep 30, 2023 #News
China's secretive shadow banking industry includes gigantic financial institutions and is worth more than $3 trillion - that
Sep 30, 2023 #News
China's secretive shadow banking industry includes gigantic financial institutions and is worth more than $3 trillion - that's roughly the size of Britain's economy.
But, after years of exponential growth, several firms have defaulted on billions of dollars of payments to investors.
In recent years the Chinese government has clamped down on risky lending - to limit the risk of contagion to the wider economy. Now, concern is again growing about the financial stability of shadow lenders.
Elsewhere, anger is growing in Syria over a worsening economic crisis.
Plus, we look at why the price of uranium is soaring.
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