Posted inBeijing, China, World

China can’t afford to lose war on debt

China’s mounting pile of debt frequently evokes “tsunami” or “Titanic” metaphors. But the country’s financial problems are very real and the result of unrelenting credit creation since the Great Financial Crisis of 2008.  As the International Monetary Fund put it in a report early this year: “International experience suggests that China’s credit growth is on a dangerous […]

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