Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy
A calamitous year for Zhongzhi, which was a big player in China’s roughly $3 trillion trust sector, led to worries that the world’s second-largest economy was facing a “Lehman moment.”
A calamitous year for Zhongzhi, which was a big player in China’s roughly $3 trillion trust sector, led to worries that the world’s second-largest economy was facing a “Lehman moment.”
