China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility"
MishTalk
MARCH 30, 2014
Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. That was up 127 per cent from 2012, and the highest since the banks were rescued from insolvency, recapitalised and publicly listed over the past decade. We have policies in store to counter economic volatility.
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