Just watched 4 corners, painted a not so pretty picture of good old China town, looming property bubble, credit squeeze and only a small number of profitable Iron and steel mills. Ouch, some dude reckons they are like US in 2005, crash is not iminent but will come, sometime :( hope it is post rail deal. estimated 24 trillion in debt, and climbing daily.
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scary 4 corners report on china credit
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