China’s Growing Debt Problems And How To Solve Them

debtThere are many precedents of financial systems experiencing significant asset deterioration following sustained periods of above-trend credit growth. In China, there have been a rapid build-up of credit in the 1990s, with over-leveraged Chinese state-owned enterprises weighed on predominantly state-owned banks reporting non-performing loans (NPLs) of about 30%, much of which were subsequently carved out […]


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