The American Economic Association estimates that 80 per cent of privately owned Chinese firms have received funds from informal channels. Photo: AP
Is China about to bring shadow banking back out of the darkness to kick start its slowing economy?
- Government crack down on debt and risky lending also eliminated legitimate funding channels for smaller private sector businesses
- Government pledging more support for fund smaller businesses, but private sector remains sceptical
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China economy
The American Economic Association estimates that 80 per cent of privately owned Chinese firms have received funds from informal channels. Photo: AP