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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
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 this week that the company — a part of China’s shadow banking sector — had…
