Shadow Banking and the Rise of Capitalism in China by Andrew Collier
English | 19 Apr. 2017 | ISBN: 9811029954 | 216 Pages | PDF | 1.91 MB
This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy ten years ago to nearly half of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today.