China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
Gross Domestic Product (GDP) growth to 5.0% There is evidence that this debt growth has become excessive and non-productive. After the massive stimulus and more than doubling of new bank loans in 2009, the government attempted to stabilize credit growth, but the growth of the shadow banking system exploded instead. trillion GDP.
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