Tanner Brown | Barrons | Dec 18th, 2019
Category: Financial News
China’s long-running debt problems reached a tipping point this year, crippling numerous small lenders and raising concerns about a systemic liquidity crunch.
The lack of confidence resulted in multiple rural bank runs. Worse still, the estimated trillions of dollars of debt across the country is likely to be larger than is measurable, due to years of so-called “shadow banking”—unregulated, off-the-books lending.