China’s risky shadow banks back in spotlight after debt crackdown
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Source: South China Morning Post
Published: 2025-12-05 17:57 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, China, Tax & Budget, Business & Economy, Asia Pacific
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Snippet:
Entities owned by local governments are borrowing billions from trust companies and leasing firms at rates of 8 per cent or higher, sources say
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