Thursday, August 22, 2013

Reuters: Money News: Insight: Zombie borrowers haunt China's shadow banks

Reuters: Money News
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Insight: Zombie borrowers haunt China's shadow banks
Aug 23rd 2013, 04:56

SHANGHAI (Reuters) - Call it the new China Syndrome: Although Asia's biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds.


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