- To hit the difficult-to-attain targets, ingenious bankers are lending and simultaneously allowing borrowers to deposit identical amounts with their institutions at identical interest rates.
- The big story is not that the Chinese economy is falling apart. It is, at least apart from the export sector. The big story is that China’s stimulus efforts, so successful in the past in jumpstarting growth, are no longer working.
- Anne Stevenson-Yang of J Capital Research tells me that the Chinese have long compared their country to a train whose last car is on fire. The train has to go fast to make sure the flames blow backwards. As soon as the train slows, flames engulf the passenger cars.
- Nobody knows how much debt China has accumulated, but total country indebtedness could be an amount equal to 350% of GDP. Because of the infamous “hidden debt” and Beijing’s misreporting—exaggeration—of economic output, the percentage could even be higher. READ MORE
Similar Posts:
- China’s Economy Is Headed For One Of The Largest Meltdowns Ever (19FortyFive)
- Stop Worrying About Chinese Debt? (The Asset)
- Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
- Analyst: Macau Casinos Possible Chinese Buy Out Targets (GGRAsia)
- What’s Really Driving China’s Currency Stability (KraneShares)
- Evergrande Explained (KraneShares)
- Emerging & Global Markets Catch Up With Reality (Krane Shares)
- Fidelity China Special Sits Trust: Four China Investment Themes (FE Trustnet)
- MGM Exec: Selling MGM China Stake Would be Bad Idea (GGRAsia)
- Asia300: Chinese Companies Face Surging Write-offs (Nikkei Asian Review)
- Morgan Creek Capital’s Yusko: “Killer Ds” Will Hurt the Developed World (CNBC)
- Chart: Chinese Margin Debt vs Other Stock Market Crashes (Guggenheim)
- Why Would the Chinese Pay $1B for a Talking Cat Game? (BloombergBusinessweek)
- From Hong Kong to Malaysia, Property Markets Set to Decline: IMF (Nikkei Asia)
- China’s Effective Tax Rate is Still Much Lower Than the US (The Asset)
