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China's 14.1t yuan of shadow lending in rust belt poses contagion risks

This is a sleeper issue, says an analyst; Chinese banks' non-performing loans could be three times higher than the officially published level


REGIONAL banks in China's rust-belt provinces are driving the rapid expansion of shadow banking in the country, fuelling a web of informal lending that poses wider risks to the financial system, according to a study by UBS Group AG.

Smaller rust-belt banks like Bank of...

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