Tackling Moral Hazard in China’s Financial System

In this Paulson Policy Memorandum, Zhu Ning says that because China’s government has offered the country’s economy and financial sector an implicit guarantee against insolvency, Chinese investors and enterprises have largely set aside their aversion to risk. That, in turn, has meant that they have poured large amounts of wealth into risky investments, including Chinese trust … http://bit.ly/2Ahdnm6

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