China's Credit bubble

posted by Chris Watling | posted

An interesting development on what is arguably the most important issue facing global markets in coming years - i.e. is Chinese growth driven by too much urbanization, funded by too much debt? (NB Chinese credit intensity of GDP has been trending at around 2 - 4x these past 4-5 years - a level similar to other economies pre their credit bust).

BEIJING (Reuters) - China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and...

Exclusive: China plans bond overhaul to fund $6 trillion urbanization - sources

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