Moral hazard spells disaster for China

China’s trust industry - at 18 per cent of GDP - has grown rapidly in recent years, with investors taking the view that the government will step in on any threat of default. It's a dangerous path to take.

Graph for Moral hazard spells disaster for China

Chinese investors look at stock indices at a stock brokerage house in Qingdao city, east China's Shandong province. (AP photo)


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