CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Defaults up in China

Published: 18 Feb 2014 - 01:18 am | Last Updated: 28 Jan 2022 - 04:48 pm

A worker walks past a branch of China Construction Bank in Beijing. Six Chinese trust firms have lent more than 5bn yuan ($824.6m) to a delinquent coal company, raising the prospect of further defaults in China’s so-called shadow banking system.