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Above is a must watch video interview on CNN with Patrick Chovanec, an associate professor at Tsinghua University in Beijing, talking about the mounting bad debt problems in China, and the likelihood of the Chinese economy experiencing a debt crisis, similar to that transpiring in Europe, or a replay of Japan’s ‘lost decade’.
Readers interested in this issue are also encouraged to read this article by The Diplomat on China’s ticking debt timebomb.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.