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World Bank: Soaring rates of 'shadow banking' add to fears of Chinese debt

As cited in the World Bank’s October report on the East Asian and Pacific economies, fears that the steep growth of shadow banking could trigger a debt crisis in China’s, the UK Telegraph reports.

Key Points:

Chinese debt levels, and specifically "shadow banking" ... one of the greatest threats to regional prosperity

"Creating additional vulnerabilities in the financial sector"

The three most representative shadow banking activities; entrusted loans, trust loans, and bankers' acceptances, had "soared from under 7pc of GDP in 2005 to over 31pc of GDP in 2016," the World Bank warned.dhw

US-Japan 10-yr bond yield spread at 3-month high

The 10-year yield differential/spread between the US-Japan 10-year bond yield stands at 227.6 basis points; the highest level since July 7. Yield spr
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Japan PM Abe pledges to speech up Abenomics - Yomiuri

Bloomberg out with headlines reported by the Yomiuri Shimbun, a Japanese daily, citing that Japan’s PM Shinzo Abe pledges to speed up Abenomics.  Jap
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