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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4157)12/30/2003 12:39:57 PM
From: SeaViewer  Read Replies (1) | Respond to of 110194
 
russ,

It was a great writing. The problem with China is its huge bad loan. The bad loan could be in $1 trillion, double the amount the official claimed. Also the growth rate was overstated. A lot of numbers reported from the local gov officials to their bosses were fakes. Because they had to report the high growth number, otherwise they would be out of jobs.



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