A regulatory storm hits China
Regulators are making a country-wide push to tighten supervision, in an attempt to pull the Chinese economy away from shadow banking and excessive credit growth
An unprecedented “regulation storm” is sweeping through China – a country-wide shake-up to pull back the financial industry from shadow banking and excessive credit growth.
China’s credit growth has accelerated since 2008 and it has become a top concern in recent years. Although the government has made numerous efforts to tackle the problem, the tightening measures in the past few months comprise
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