Really ??
date 16th Nov.
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The report says that “China’s rapidly rising debt levels heighten risks to the stability of the country’s financial markets, which can quickly spill over into global markets….China’s rapidly rising corporate debt—which stands at 169 percent of GDP—also raises questions about the sustainability of the country’s economic growth. The International Monetary Fund warned in its annual review of China’s economy that China’s rising corporate debt was a ‘serious and growing problem that must be addressed immediately,’ estimating the potential losses from bad corporate loans to be worth 7 percent of GDP.”
http://breakingdefense.com/2016/11/...-troubling-debt-cited-by-us-china-commission/
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The End of China Inc?
As time is running out for China to pay off its bad debts, 101 East investigates if this could be the end of China Inc.
15 Sep 2016 20:30 GMT
China,
Business & Economy,
Unemployment
There's a magic formula to becoming a millionaire in China - borrow big to earn big.
For years, individuals, state-owned companies and municipalities have taken massive loans to chase the Chinese dream.
Now it's payback time, but a severe economic slowdown means many are struggling to pay their debts.
Entire neighbourhoods have become "ghost towns", industrial companies sit idle and the unemployed are growing desperate.
Government economists claim China has enough in its coffers to cover the bad loans, but defaulting on it could send the world's economy into a tailspin.
101 East asks, is this the end of China Inc?
source =
http://www.aljazeera.com/programmes/101east/2016/09/china-economy-160913081105227.html
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i am waiting for trade war between china & USA
=
https://www.theguardian.com/world/2016/nov/14/china-threatens-to-cut-sales-of-iphones-and-us-cars-if-naive-trump-pursues-trade-war