A Towering Chinese Debt Mountain Looms Over MarketsBy
Xi faces a historic debt unwinding in a decelerating economy
"The government has made a complete hash of the past 6 months"
Lost in all the Chinese stock and currency market gyrations, policy missteps and mixed data is this economic reality: The government is constrained by a credit bubble that has ballooned to $28 trillion in an economy growing at its slowest pace in 25 years.
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