The collapse of a state-owned credit guarantee company in China’s rust belt has again shone a spotlight on risk from bad debt and moral hazard in the country’s shadow banking system.
中國衰敗工業地帶的國有信用擔保企業——河北融投擔保集團（Hebei Financing Investment Guarantee Group，簡稱河北融投）破產，再次令人關注中國影子銀行體系的壞債風險和道德危機。
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