Title

Shadow Banking Threatens China's Economy. But What is it, Exactly?

Last week, the Shanghai interbank offered rate (Shibor), made news around the world when it suddenly spiked at all time high. Expected to lower this rate by injecting cash into struggling Chinese banks, the People's Bank of China instead did nothing, leading to speculation that China's leaders were finally prepared to tackle the economy's overheating problem. 

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Topics: 
Economy
Keywords: 
Shadow Banking