China's shadow banking

Spill over from the property sector:

Troubled Chinese trust firm Zhongrong has lent money to several of the country’s struggling property developers, the Financial Times (FT) reported on Sunday, citing its analysis of legal and company filings.

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I believe Xi was not in power in 1985.

A full reversion is happening but worse. The USD peg will haunt the country for decades. Look at Venezuela.