Will Local Shadow Banking in China Be Like Lehman Brothers?
Flashpoints /
16 Jul 2019
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It is tempting to think that China’s state-controlled capitalism can rein in the accumulation of bad debts. But as this article shows, banks at the local and regional levels in China are subject to less centralized control. Will these banks be the equivalent in China of Lehman brothers in Yankeedom?
Read in Global ResearchImage from zerohedge.com