China's credit is literally off the charts

CriticalSilver · Jun 17, 2013

The 160pc debt ratio for China is based on a conservative measure of credit. Fitch says it is 200pc if you count all offshore vehicles, trusts, letters of credit etc.

This morning China Securities Journal an arm of the regulators said it may really be 221pc.

For Chinese readershere is the link, courtesy of Sinocism, a terrific source of info in China. I don't read Chinese. My son translated it for me.

Needless to say, there is a huge problem here, and Fed tampering may bring it into the open.

China has increased credit from $9 trillion to $23 trillion since late 2008. The increase is equal to the entire US commercial banking system.
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Source: http://blogs.telegraph.co.uk/financ...72/chinas-credit-is-literally-off-the-charts/

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China's credit is literally off the charts

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China's credit is literally off the charts

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