Norobiik @Norobiik@noc.social<p>The troubles at <a href="https://noc.social/tags/SichuanTrust" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SichuanTrust</span></a> are a microcosm of the strain spreading through <a href="https://noc.social/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a>’s £2.3tn <a href="https://noc.social/tags/TrustIndustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrustIndustry</span></a> as an <a href="https://noc.social/tags/EconomicDownturn" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EconomicDownturn</span></a>, combined with tighter government regulation, risks torpedoing a major part of the <a href="https://noc.social/tags/ShadowBanking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ShadowBanking</span></a> industry that has filled the gaps left by traditional financial institutions. <a href="https://noc.social/tags/PropertyMarketCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PropertyMarketCrisis</span></a> <a href="https://noc.social/tags/zhongzhi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>zhongzhi</span></a> </p><p>‘It’s legalised robbery’: anger grows at China’s struggling <a href="https://noc.social/tags/ShadowBanks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ShadowBanks</span></a></p><p><a href="https://www.theguardian.com/business/2024/feb/18/anger-grows-at-china-struggling-shadow-banks" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/business/2024/</span><span class="invisible">feb/18/anger-grows-at-china-struggling-shadow-banks</span></a></p><p>Back toot: <a href="https://noc.social/@Norobiik/111720687963075543" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">noc.social/@Norobiik/111720687</span><span class="invisible">963075543</span></a></p>