Because interest rates are so low and China's stock market has been the worse performing global market, investment money in China has pumped up a bulging property bubble and has also chased yield in increasingly dodgy WMPs.
Fuelled by debt and a massive unregulated shadow banking system, when the first domino falls it will set off a chain reaction of epic proportions.
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- meanwhile...chances of chinese credit crunch?
meanwhile...chances of chinese credit crunch?, page-5
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