Posted inBeijingChinaJapanNortheast AsiaWorld

China’s bad loan solution looks like Japan’s non-solution

The record surge in Chinese banks’ bad loans is a financial Rorschach test if ever there were one. The Rorschach test analyses subjects’ varying interpretations of ink blots. While some may see – say – a bull, others may see a bear. Those who believe President Xi Jinping is boldly pushing ahead with deleveraging will see […]