China's Markets Risk 2009 Timewarp as New Lending Surges: ChartBy
A bubble in Chinese stocks has burst, the nation’s exports are tumbling, the economy is growing at its slowest pace in years -- and banks are doling out loans faster than ever. The last time that happened in 2009, the Shanghai Composite Index doubled in less than 12 months before embarking on a five-year downward spiral as optimism about stimulus turned into concern excessive credit would worsen overcapacity and boost bad debts.
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