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Analyst says China bailout "in the trillions of dollars" needed

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

The Bloomberg piece is here if you wanna get yur worry on.

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Chu is formerly of Fitch Ratings and "has sounded warnings since the nation's credit binge began in 2008"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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