zerohedge.com / by Tyler Durden on 04/05/2014 20:22
Submitted by Sara Hsu via The Diplomat,
China is coming under close scrutiny these days, as the leadership scurries to find new sources of economic growth and control its debt. Some analysts have reassured China watchers that the Chinese government can simply write off its bad debt, at least within the major banks, and pass it on to the asset management companies that handle that resale of distressed debt (or have it later purchased by the Ministry of Finance). Others have warned that some of the debt is serious, such as that incurred by local government financing vehicles, and are dubious about the sustainability of these entities.
[ZH: As we have noted before, the dats is ugly…
From November 2012, The Chinese Credit Bubble – Full Frontal:
Thanks to BrotherJohnF