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China learned significant lessons from the 2008 financial crisis, not the least of which is to monitor, manage and constrain the 'shadow banking' system so as not to repeat history. When bank balance sheets and securitized loans are downstream to an opaque underwriting utility the potential for a repeat existed. Thanks for the insightful article.
China learned significant lessons from the 2008 financial crisis, not the least of which is to monitor, manage and constrain the 'shadow banking' system so as not to repeat history. When bank balance sheets and securitized loans are downstream to an opaque underwriting utility the potential for a repeat existed. Thanks for the insightful article.