China’s trust companies’ assets grew 3.8% in the third quarter, the least since 2010, Bloomberg reported, citing a China Trustee Association statement. Government efforts to control shadow banking are sapping momentum from an economy that expanded in the third quarter at its slowest rate since 2009. China had 397 “risky” trust products valued at RMB82.4 billion as of September, down from RMB91.7 billion three months earlier.
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