Insight: Zombie borrowers haunt China's shadow banks

charitynjw

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Insight: Zombie borrowers haunt China's shadow banks

23rd August 2013, 04:05:AM

http://www.reuters.com/article/2013/...&dlvrit=992637

(Reuters) - Call it the new China Syndrome: Although Asia's biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds...............

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