China’s Bad Debt Problem Is Much Deeper Than Just Real Estate

Saturday, May 7, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/07/2016

Among the bigger financial problems covered in depth on Zero Hedge over the past several years, were China’s massive amount of newly created credit adding to an already unsustaimable debt load, its rapidly growing bad debt pile (what we call China’s “neutron bomb” which as we first estimated last October is about 20% of total bank debt), and its sub-prime real estate bubble. Lately many others – especially Kyle Bass – have also started looking the same problems and asking a simple question: what is the real repayment ability of Chinese corporates now that this credit monster has been unleashed, and is the NPL problem isolated to just real estate. For those answers, we look at a recent Natixis report.

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