China’s Debt Crisis

Good article in The Age about China’s pending debt crisis, which makes the US subprime mortgage crisis look like small change in comparison.

http://www.theage.com.au/business/china/chinas-credit-bubble-is-unprecedented-fitch-20130618-2ofkc.html

Posted on June 18, 2013, in Economics & Finance. Bookmark the permalink. 2 Comments.

  1. I could be that china’s miracle economic growth was just a mirage, or maybe this points to a previously hidden asset suddenly being declared (such as large precious metal speculation being called in). The interesting point is whom is the money owed to?

  2. i hate to make predictions, but this could be the foundation for a financial super-crisis.

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