With 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.
China’s high-end retail emporium
Walmart's Sam's Club in China targets a somewhat broader demographic than in the U.S., offering $1,700 bottles of Lafite and $295,000 diamond rings in addition to bulk groceries and other discount products.
China in 2 minutes a day