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Moody’s surprise downgrade of China’s credit outlook this week has reinforced concerns that the crisis in the country’s real estate market is spilling over into the wider economy.
Shadow-banking giant Zhongrong Trust set off alarms last month when it failed to make payments on high-yielding investment products.
China's trust sector expands in Q1-
BEIJING, Jan. 18 (Xinhua) -- China charitable trust industry saw a rapid increase last year as its property size grew by 32.48 percent from a year earlier, said
China's charitable trust industry sees rapid growth in 2021-