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China concerns continue to linger in the market

China concerns continue to linger in the market
The latest news out of China is that one of its biggest trust firms, Zhongrong International, has missed payments on dozens of investment products since late last month. That is raising further questions on financial sector troubles in the country, amid the continuously worsening property sector situation.For some context, Zhongrong International is owned by Zhongzhi Enterprise, whose name has surfaced earlier last week as suffering from a liquidity crisis. The latter has roughly ¥1 trillion wor... Read More
Posted: Aug 16 2023, 10:32
Author Name: forexlive
Views: 102248

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