Shadow Banking Risks Exposed by Local Debt Audit: China Credit

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#7
It's one of many NPL which I don't think will bring down the system. But dunno how many skeletons are in the closet. Easy money has been fuelling China's growth this last few years, with companies in construction and mining borrowing heavily. So what happens next will be interesting.
You can count on the greed of man for the next recession to happen.
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RE: Default Threat from China Trust on 31 Jan. - by LionFlyer - 26-01-2014, 05:23 PM

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