In the dark

Shadow banking the biggest threat to China's economy

Yao Yang says Chinese monetary authorities' moves to tighten bank lending won't reduce risks in the financial system, because the real danger lurks in the unregulated shadow sector

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In the dark
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Yao Yang

Yao Yang

Yao Yang is professor and dean at the National School of Development and director of the China Centre for Economic Research, Peking University. Copyright: Project Syndicate