Citi's Chief Economist Says China Is 'Financially Out of Control' - Yahoo Finance: "The cause of his consternation is the immense debt that Chinese non-financial companies have racked up in a short period of time. Over the past decade, the indebtedness of China's private sector has exploded and exceeded that of the U.S., which Buiter pointed out has a much more advanced economy and sophisticated financial system:"
'via Blog this'
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