Nomura On China “only one practical way to reduce the stock of outstanding debts: defaults” – ValueWalk Premium
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Nomura On China “only one practical way to reduce the stock of outstanding debts: defaults”

China Debt Default? To alleviate its debt problem, China should adopt appropriate macro-economic policies encompassing currency depreciation and cutting interest rates to an ultra-low-level within two to three years, believe Nomura analysts. Yang Zhao and team said in their September 14 research piece titled "China: Solving the debt problem” that they believe RMB depreciation will continue and forecast USD/CNH at 7.1 at the end of 2017.

China Debt Default - China should join

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