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Bloomberg (March 30)

2015/ 03/ 31 by jd in Global News

“In order to steer China off its current trajectory, leaders are going to have to tolerate a bigger hit to GDP. They must also quickly build a transfer mechanism to allow banks, state-run enterprises and entire municipalities to dispose of bad loans.” China’s total debt to GDP ratio “now exceeds America’s 269 percent and Germany’s 258 percent. Even more worrying: If the credit buildup continues at its current pace, that ratio will explode to 400 percent by 2018.”

 

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