What’s going on with China’s shadow banking system?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — China is in trouble. The world’s second-largest economy is grappling with growing financial distress, which means big problems for the nation’s nearly $3 trillion shadow banking industry. Chinese households are spending less, factory production is falling and businesses are investing more slowly than last year. Youth unemployment has jumped so much that Beijing decided to stop releasing the data. Meanwhil

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Last updated : 06 September 2023 clock 03:44 PM

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