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IMF: Chinese banks are disguising a massive amount of bad debt

IMF: Chinese banks are disguising a massive amount of bad debt

Business Insider - Jim Edwards

The "untradeable debt" comes from China's "shadow credit" world, which has generated a massive amount of credit that has the potential to become suddenly illiquid. The debts consist of interbank loans in "a structure potentially susceptible to rapid risk transmission and destabilizing liquidity …

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