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Coronavirus-Led Slowdown Tests the Mettle of China's Shadow Banks


Cracks are forming in China’s sprawling shadow-banking sector, as the coronavirus epidemic drains economic activity around the country and pressures lenders that many private firms have relied on for years.

Since early February, several finance companies and online lending platforms have told investors they can’t produce the returns they previously promised, due to rising distress among businesses they funded.

Some…



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