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24min chapter
A Deep Dive On China's Financial System | Aidan Garrib
Forward Guidance
China's Financial System and Corporate Debt
This chapter discusses the types of companies that are borrowing in China's financial system, focusing on both banks and corporations. It explains that corporate debt is mainly taken by large and small firms from banks, as well as from local government financing vehicles (LG FE's), which are shadow entities of provincial governments.
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