China’s Debt – The Next Big Shock. The USA remains the economic engine of the World

The Off-Balance Sheet Financing in China Recently we discussed the enormous debt of government controlled Investment Corporations in China, and we warned that this debt, combined with other government debt in China, was approaching 87% of GNP. This is an astounding figure, unmatched in recent history. Comparisons to other nations’ growth in recent years reveal…

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