Soros likens China trusts to subprime

China has a narrow window to prevent its shadow banking system from imploding in a manner similar to US subprime mortgages, says George Soros.

Jame DiBiasio

April 16, 2013

George Soros, speaking at Davos earlier this year

George Soros says the immediate threat to financial markets remains the eurozone, but the mid-term challenge is for China to come to grips with its shadow banking system.

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