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China's runaway bosses spotlight underground loan market

By: Yossel in ASIA | Recommend this post (0)
Thu, 29 Sep 11 10:10 AM | 354 view(s)
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China's runaway bosses spotlight underground loan market

BEIJING (Reuters) - A string of Chinese entrepreneurs have gone into hiding to avoid repaying loans, according to state media reports, highlighting a credit squeeze on private firms and the dangers of steep interest rates in China's vast and growing informal lending market

Zhao Hongmei and Koh Gui Qing

BEIJING
Thu Sep 29, 2011 9:26am EDT

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http://www.reuters.com/article/2011/09/29/us-china-economy-runaway-bosses-idUSTRE78S0XJ20110929




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