China’s Credit Bubble Is Unsustainable, Will Blow Up: RothschildMani
With China’s debt swelling from $9 trillion to $23 trillion during the past five years, Rothschild Wealth Management feels the credit bubble will burst at some point.
Rothschild in its recent research paper points out such an elevated level of debt is unsustainable and leaves China’s financial system vulnerable to a credit crunch.
China’s galloping debt level
To arrest the falling export demand in the wake of the . . .
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