China is not in good shape with Trillions in debt not reported.
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Everywhere You Look in China Are Signs of More Market Misery
(Bloomberg) -- Things are going from bad to worse for Chinese equities, with a key index tumbling into a bear market as disappointing manufacturing data added to the bleak outlook.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot...finance.yahoo.com
Absolutely correct geo
Local and provincial hidden debt is a major headache, particularly when the loans are not being repaid. It is difficult to get an accurate estimate of off-the-books debt because these loans are not reported. However, I understand they approximate the value of on-the-books debt.
Therefore China's true indebtedness is about equal to that of the USA. Let's hope they are both too big to fail (LOL).
Cheers
F