Is China’s Credit Bubble on the Brink of Bursting?

Is China’s Credit Bubble on the Brink of Bursting?

A lot of people are concerned about China’s economy right now. With foreign reserves falling to dangerous levels, no one knows for sure how bad the situation truly is. Massive borrowing outside China is bringing net reserves down even further. It seems unlikely the PBoC can sustain the yuan exchange rate much longer. The Chinese …

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