China Minsheng Investment Group. Photo: Sina

China economy faces threat from obscure financial tool that could trigger domino effect of defaults

  • China Minsheng Investment Group triggered wave of US$800 million in ‘cross defaults’ when it failed to make a debt payment
  • Experts warn that this could be ‘the tip of the iceberg’ with regard to financial instrument only used in China since 2016
Topic |   China economy

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China Minsheng Investment Group. Photo: Sina
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