China Debt Crisis Bombshell: “Secretive” Shadow Banking Giant Managing 1 Trillion Yuan Misses Multiple Payments

No surprises here: those who have warned for the past 15 years that the relentless increase in China’s debt to new record highs – now at ~300% of GDP – month after month and quarter after quarter would lead to catastrophic results, were of course right, and while Beijing’s debt crisis “can-kicking” over the past […] Source