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As China’s smaller banks increasingly rely on one another for funding, the risk of contagion rises

1 month ago
Amedeo Tumolillo
ith interest rates kept low by the government, banks' borrowing for investments has increased, with much of the money packaged in the form of shadow banking products. "If this isn’t stopped in time, the central bank will lose some control and flexibility of its monetary policy," said an expert with S&P Global Ratings.
By Amedeo Tumolillo
Amedeo Tumolillo is the editor-in-chief of SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.