China’s Credit Growth Grinds To A Screeching Halt: Why This Is Very Important
by Tyler Durden
ZeroHedge.com
05/13/2016
The biggest concern for China, and the world, is that now that China’s credit impulse is gone, it means that the it is only a matter of time before the impetus behind Chinese, and global growth, evaporates as per the timeline persented in the following Goldman chart, which explained the surge in Q1 economic activity, and which now anticipates a steep slowdown in the second and subsequent quarters unless China manages to stoke its unsustainable credit growth once again.
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