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Exactly, just yesterday a China central Bank official just gave hints of bankruptcy https://www.bloomberg.com/news/articles/2017-12-25/pboc-official-says-local-
by xenopath 9y ago
Exactly, just yesterday a China central Bank official just gave hints of bankruptcy https://www.bloomberg.com/news/articles/2017-12-25/pboc-official-says-local-government-bankruptcies-are-needed https://www.bloomberg.com/news/articles/2017-12-25/pboc-offi...
and a few months back, the China central bank chief warned about the rapid growth of debt https://www.cnbc.com/2017/10/23/china-central-bank-chief-new-worry-household-debt.html https://www.cnbc.com/2017/10/23/china-central-bank-chief-new...
- seanmcdirmid 9y agoThe dominos will have to fall sometime. A lot of china’s private sector debt is actually believed by the debtees to be implicitly public sector. With SOEs, the lines are always blurred anyways.