China’s Financial Bind: "China’s slowing economy is challenging the government to enact reforms without exacerbating the problem."
China risks deflation trap as true GDP crumbles - Telegraph: "“It is too late to avoid a hard-landing,” said Patrick Chovanec from Silvercrest Asset Management and a former professor at Beijing’s Tsinghua University. “To keep growth going they have to push extremely high levels of investment to even more extreme levels, and that is becoming very hard to do and very hard to finance.” “The economic return on credit is rapidly declining. They increased loans by $1 trillion in the first quarter, but growth slid anyway and is now below levels seen in early 2009 after the Lehman crisis. It is no longer out of the question that GDP will actually fall,” he said. . . ." (read more at link above)
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