31/10/18

Rickards: China's Debt Bomb Is Ready To Explode



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Rickards: China's Debt Bomb Is Ready To Explode
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Authored by James Rickards via The Daily Reckoning,

The great Chinese growth slowdown has been proceeding in stages for the past two years. The reason is simple. Much of China's "growth" (about 25% of the total) has consisted of wasted infrastructure investment in ghost cities and white elephant transportation infrastructure.

That investment was financed with debt that now cannot be repaid. This was fine for ....

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