The tectonic plates of China’s financial world are shifting, with the massive 1 trillion yuan shadow bank defaulting on its obligations. This monumental debt crisis unfolds as global economies keep a close eye on Beijing’s next moves. Delve with us into the intricacies of this financial predicament, its implications on international markets, and the ripple effects on China’s domestic economy.
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China’s Shadow Banking Collapse: 1 Trillion Yuan Firm Fails to Pay
