A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
posted in: Breaking News, China, News
Chinese trust company Zhongrong International has missed repayments on dozens of investment products since late July — pointing to deepening troubles in the world’s second-largest economy amid a real-estate crisis. Wang Qiang, the company’s chief compliance officer, told investors earlier … Read More
