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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (4157)	12/30/2003 1:43:29 PM
From: Ramsey Su	Read Replies (1) of 110194

regarding confusing, I wonder if anyone has seen a good write up on this "bad debt" in China. Specifically, what is classified as bad debt, and the respective amounts. For example, if bank of china loaned xxxx yuan to a SOE in a poor province to build some infrastructure, with no chance of being paid back, is that a bad loan? Would something like that be classified as a Federal grant here?

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