Commodity Trade Mantra

Posts Tagged ‘Fitch Ratings’

Big Trouble: China Might Face Credit Losses Of As Much As $3 Trillion

China’s lending spree has created a debt burden similar in magnitude to the one that pushed Asian nations into crisis in the late 1990s. How much longer can China keep sweeping the hundreds of billions of discharged, bad loans under the carpet and pretend everything is fine.

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