News » Collapse of Speculative Credit Roils Chinese Economy

Collapse of Speculative Credit Roils Chinese Economy

August 16, 2013

HiResROAD TO RICHES 420

In an uneven economy, bizarre luxury enterprises are now struggling or defunct, as defaults spread in an entrenched informal system of expensive credit. Prices on some luxury goods are crashing, and nobody’s buying, with wide repercussions. The crisis is most acute outside the major cities.

Read full article at:

Daily Updates

Sign up for our free daily newsletter for the latest news and business legal developments.

Scroll to Top