Thursday, 30 January 2014

The Difference Between U.S. and China's Credit Booms

China's shadow banking complex is worrisome. But it compares favorably to the most recent U.S. credit boom in one regard.

FORTUNE -- Just before China shuts down for the next week for the Chinese New Year, independent research firm GK Dragonomics has released a fascinating report for people worried about China's latest shadow banking product. We're talking about so-called "wealth management products," retail investments that pay higher yields than deposits. One MORE



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