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BOAO — Billionaire investor George Soros said on Monday China had a “couple of years” to control risks from nontraditional financing whose expansion had parallels with the cause of the global financial crisis. “The rapid growth of shadow banking has some disturbing similarities with the subprime mortgage market in the US that caused the financial crisis of 2007-08,” Mr Soros …
Read More »Soros warns on China’s ‘shadow banking’ risks
