China’s Debt Bomb Just Keeps Getting Bigger

Predictably, there has been no serious reform, and there has been no serious deleveraging either. Indeed debts just keep rising, in some sectors faster than ever before; Local SOEs and LGFVs rose by 21% in the first nine months of this year, to $48 trillion yuan ($7.2 trillion).December 15, 2017 at 04:27AM

via Forbes Real Time