Resumen de China’s dangerous debt.
The article discusses debt levels in China as a percentage of GDP (gross domestic product), focusing on the impact of slowing economic growth on the ability of individual, independent firms, and government institutions to repay loans. Topics include China's real estate market and property prices; local government financing vehicles (LGFVS) or shell companies, and the use of public land as collateral; local government incentive to keep housing and land prices high, risking a real estate bubble. A discussion of the impact of the differences in the relationship between financial institutions and the government in China and free market economies on bank functioning is included.
