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Slowdown in property, manufacturing help curb China's risky 'shadow banking'
Published Mon, Nov 24, 2014 · 09:50 PM
Shanghai
A BID by China to rein in its 'shadow banking' activity is producing results, thanks to slowing economic growth and tighter regulation.
But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on Friday, is unlikely to help them much.
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Central banks will probably only cut half as much as they hiked