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Posts published in “Day: July 15, 2017

Is China approaching a Lehman moment?

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…