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A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world's second-largest economy

Source :
The Business Insider (Blogs on Demand). August 16, 2023
Publication Year :
2023

Abstract

Zhongrong, a Chinese trust company, missed payments on dozens of investment products, per Bloomberg. The missed payments came days just after property giant Country Garden missed coupon payments. The series [...]

Details

Language :
English
Database :
Gale General OneFile
Journal :
The Business Insider (Blogs on Demand)
Publication Type :
Periodical
Accession number :
edsgcl.800185570