China Claims Progress on Bad-Loans

China claims progress on attempts to reign in an explosion of credit, but some observers say the debt problem could be far worse than thought. The official bad-loan ratio held steady in the second quarter after almost three years of increases suggesting the government is reducing the risks. Bloomberg's Tom Mackenzie reports on "Daybreak Asia." (Source: Bloomberg)

Full Show: What'd You Miss? (08/16)
36:21 - Guests include: Rafiki Capital's Steven Englander and Moody's Charles O'Shea. (Source: Bloomberg)
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