China Heading Towards Imminent Financial Crisis? Another Big Firm Defaults On Loan Repayments | World News – Top Speed News

BEIJING: Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm  Zhongrong Trust, which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on several investment products, CNN reported….

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