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China Wants to Examine Finances of Troubled Shadow Bank

(Bloomberg) -- China has asked two of the nation’s biggest financial firms to examine the books of Zhongrong International Trust Co., potentially paving the way for a state-led rescue of the troubled shadow lender, according to people familiar with the matter.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsSingapore Money Laundering Case...
Bloomberg Businessweek Zhongrong International Trust Co China Evergrande Group Citic Group Corp Country Garden Holdings Co Zhongzhi Enterprise Group Co
Source: yahoo.com

At least 4 dead, 48 missing due to heavy rains in central China

Shanghai, China, Aug 30 (EFE).- At least 4 people died and another 48 are missing after heavy rains lashed Jinyang county in central Chinaโ€™s Sichuan province last week, official newspaper China Daily reported Wednesday. A senior provincial official said that the rains triggered flash floods at a highway construction site. Five people with the construction …
China Daily

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