ratings

Analyst Lays Out China's "Doomsday" Scenario

According to Autonomous analyst Charlene Chu, bad debt in China’s financial system will reach as much as $7.6 trillion by the end of this year: an estimate which implies a staggering bad-debt ratio of 34%, orders of magnitude above the official number, and nothing short of a "doomsday scenario" for China's financial system if accurate.