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China started to rein in the massive debt economy earlier this year. Current rates are not indicative of the past, and official rates don't reflect the enormou
by jhayward 8y ago
China started to rein in the massive debt economy earlier this year. Current rates are not indicative of the past, and official rates don't reflect the enormous "shadow banking" industry that has been at the heart of the debt boom.[1]
[1] https://www.ft.com/content/45bd8052-59dc-11e8-bdb7-f6677d2e1ce8 https://www.ft.com/content/45bd8052-59dc-11e8-bdb7-f6677d2e1...