Bloomberg with comments from China banking analyst Charlene Chu
- Says a bailout in the trillions of dollars is needed to tackle the bad-debt burden "dragging down the nation's economy"
- Says she is yet to be convinced China's government is serious about deleveraging and eliminating industry overcapacity
- Says lenders' off-balance-sheet portfolios of wealth-management products are the biggest immediate threat to the nation's financial system
Chu is formerly of Fitch Ratings and "has sounded warnings since the nation's credit binge began in 2008"
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