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This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to … of all China’s annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. Shadow Banks are a new aspect of … capitalism in China - barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many …
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The shadow (underground) economy plays a major role in many countries. People evade taxes and regulations by working in the shadow economy or by employing people illegally. On the one hand, this unregulated economic activity can result in reduced tax revenue and public goods and services, lower...
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