Commodity Trade Mantra

Posts Tagged ‘Massive Debt’

China's Massive Debt Problem Is About Get Much Massiver

PBOC has announced that regulatory approval will no longer be required to issue ABS. Market players now expect ABS issuance to more than triple to 1 trillion yuan ($161 billion) this year. This means China’s massive debt burden is about to get massiv-er, as banks use ABS issuance as a pressure valve to free up lending capacity.

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