Perhaps the biggest piece of fake news in the economic sphere is the claim that China faces an unsustainable debt burden that will lead to a hard landing or, at very least, to a very uncomfortable adjustment.…Debt scolds debunked.
China actually has a saving problem instead.
Asia Times
What China debt bubble?
David Goldman
China is setting up a framework to wind down and bankrupt banks right now. I'd not declare victory yet. China isn't going to let the system implode, but Xi is going to allow institutions to fail and make examples of a few, regional and shadow banks and WMPs.
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