Evergrande Fallout: China’s Shadow Banking System Is The Real Problem?

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by Jason Burack of Wall St For Main St 

Evergrande is just a microcosm of China’s real estate bubble and shadow banking problems. Chinese shadow banking refers to underground financial activity that takes place outside of traditional banking regulations and systems. China has one of the largest shadow banking industries with over 40% of the country’s outstanding loans tied up in shadow banking activities.

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