Monday, May 8, 2017

Why China can deflate the world’s largest credit bubble in an orderly fashion #lzodevelopment



China’s authorities are committed to orchestrating an orderly unwind of US$3 trillion worth of excess credit and the resultant distressed debt on banks’ balance sheets by employing a multi-pronged, market-based approach. In our view, there are essentially three alternative paths for resolution.

from #lzodevelopment http://ift.tt/2pGFetd
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