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I heard it’s actually quite hard to gauge debt in China due to “shadow debt” that isn’t on the books. So things might actually be worse than it seems.
by worrycue 5y ago
I heard it’s actually quite hard to gauge debt in China due to “shadow debt” that isn’t on the books. So things might actually be worse than it seems.
- PaywallBuster 5y agoindeed, and the state is mixed up everywhere. Where does public and private end?
- threevox 5y agoThat should surprise exactly no one, given how unreliable Chinese official figures are
- bildung 5y agoThat isn't what shadow debt / shadow banking means: https://en.wikipedia.org/wiki/Shadow_banking_system https://en.wikipedia.org/wiki/Shadow_banking_system