Comment on GMO: Here Are 10 Scary Signs Of Fragility In China's Massive Financial System

GMO: Here Are 10 Scary Signs Of Fragility In China's Massive Financial System

The Chinese economy is "very credit dependent", warn GMO analysts Edward Chancellor and Mike Monnelly. Not long ago, cities like Wenzhou would see bad debts surge, and small business owners and property developers would default in droves throwing a spanner in the great Chinese economic growth story. Credit cooled off, but only temporarily.

 

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