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[15 Jul 2017 | No Comment | ]

By Andrew Brown in the South China Morning Post, July 14, 2017 at 10:46pm
In previous columns, we estimated the excess debt in the Chinese economy to be approximately US$3.1 trillion and still growing. ?This is of course an enormous figure, and represents the largest non performing loan aggregation in the world by far. It obviously constitutes a considerable overhang on the Chinese economy.
Therefore, the regulatory response must be equally profound in their attempt to orchestrate an orderly deflating of this credit excess. The Chinese authorities have already started addressing the …