China's Delinquent Loans Rise 333% Since End 2011

Tyler Durden's picture

Presented with little comment since our jaws just hit our chest - these stunning headlines from a PWC report:






Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
valkir's picture

Walking is dangerous than printing,bitchez.

Troll Magnet's picture

Corrapse, bitchez!!! Clash and bun!

nope-1004's picture

Why pay back a loan when you can use that money to buy more gold?  Makes complete sense.  The Chinese know full well that all fiat is headed toward worthlessness.

Prudent, IMO.


ACP's picture

I've actually wondered why more governments don't do that? Or maybe they are and not saying anything in order to prevent "gold envy."

TwoShortPlanks's picture

"you don't need to see the banks' books...these are not the loans you're looking for".

Vampyroteuthis infernalis's picture

China, the biggest Ponzi scheme EVER!

Ineverslice's picture

...brought to you by our blood thirsty friends with ever reaching tentacles.

Surprise...Pan fried-derivatives.

Richard Chesler's picture

But they can always rely on their "risk-free" US T bills. Right? right?


GetZeeGold's picture




Hey those T bills.....are freakin gold baby!


Bananamerican's picture

are there still Mandarin immersion schools in NY?

"The Japanese will own us" -90's

"The chinese will own us" - 2000's

only amerika can take america down bitchez!

malikai's picture

Amerika has taken America down. Just wait until we need all that 'industry' we gave away for cheap trinkets and iPhones.

post turtle saver's picture

The next mouth breathing dumbass that puts up another "US has no industry / manufacturing / Amerika" post on this board can EABOD and DIAF. Nothing, and I mean NOTHING, proves you're a bigger fool than believing that crap. You're not a human being, you're a parrot.

At least the western world has a reasonable audit function... every number out of China is flat out fucking FAKE. If you haven't figured that out by now you never will.

LongSoupLine's picture



"The Fed and Big Banks will own us" - 2010's

Dr. Engali's picture

Second biggest. We have them beat by a wide margin.

TwoShortPlanks's picture

Great form from the chick demonstrating Yoga on the carpet. She's skipping Plank and going straight to 'Upward Dog', what a pro!

Yoga tonight...a great's like soft porn, unplugged.

Drag Racer's picture

oh, I just thought the guys behind her were holding signs with ratings of her ass...

Sphinx_www's picture

Remember all the phantom steel inventories report?

vast-dom's picture

no glot com fliday kwash bun redrum redrum drydrunk drydrunk 333% on the way to 666%

Alpo for Granny's picture

Wait..people are expected to pay back loans? That's soooooooo old fashioned.

km4's picture

Unfortunate that China does not have the secret weapon of CTRL-P and the Ben Bernank ;)

gavroche76's picture

Reality just hit the Great Wall.

russwinter's picture

Must really be bad for the non-transparent Chinese to at least in part fess up. 

CURWAR2012's picture

is that chick giving a blow job for free?


Dr Benway's picture

I can tell that's an alien concept for you

the not so mighty maximiza's picture

naa, she is ready to get mounted cave man style.

TheSilverJournal's picture

This just shows how much of a boom China is set for. The rest of the world is printing into a frenzy to postpone this type of thing from happening, while China sits back and shores up its fundamentals.

post turtle saver's picture

ROR! "Chinese financial fundamentals", what a riot! You should take that act on the road.

TheSilverJournal's picture

Just look at how much they export. That shows how strong thier fundamentals are. When they stop supporting other countries, they will consume those products that they currently export themselves and they will boom.

TheSilverJournal's picture

Apparently, today ZHers are choosing to believe that it's spending and consumption that makes an economy more prosperous.

Chump's picture

Well, I didn't junk you, but I do think you're being way too simplistic.  They make and export cheap plastic shit, basically (that is also admittedly simplistic).  They're trying to make their way into heavy construction equipment but their product lines and presentation in Europe and America are raffable in the extreme.

Do you really think that if we stop buying their exports their citizenry is going to up and consume a shit load of iPhones?  If so, why aren't they doing so now and booming to Mars and beyond?  If our economy crashes, do they just nationalize all of the multinational corporations' factories and continue on as if nothing happened?

They've enslaved their citizens, they've poisoned their earth, and with no one to export to the factory workers go back to the rice paddies or kill themselves (or march off to nearest war, given the current climate).

We are no better, and our service/consumption based economy is also no better, but it's false to say that because our fundamentals are untenable then theirs are.

I am clearly not an expert here, so any clarification and correction is welcome.

TheSilverJournal's picture

The ONLY reason to export is to in turn import.

China is exporting a lot of stuff to the US for a poor exchange of goods in return. For the most part, what they get in exchange is digital fiat. China is doing themselves a world of harm by exporting us their real goods that took real resources and real labor to make in exchange for digital dollars, which will soon vanish into the thin air they came from.

Yes, when China stops getting screwed by this game, they will consume their own products, albeit there will be a cost to retooling their factories.

Desert Irish's picture

So delinquent loans are on track to exceed the $160 billion stimulus does that work? And China is the engine of growth that is going to drag the west out of this recession? God help us....

Urban Redneck's picture

No they're not buying "our" debt (any more).  They're buying oil to fill their new SPRs, they're buying huge inventories of commodities which you can't eat and which pay no interest, they're buying tons barbarous relics,  they're buying foreign corporations with tangible assets,  they're buying access to raw materials,  they're buying foreign influence.  And with the growing pile of F/X reserves that they are amassing on top of all this buying and spending, they are not buying more UST, they are stockpiling other people's IOUs.

China hasn't bought any additional Treasuries in FY/CY 2011 or 2012

September 2010 - Chinese UST Holdings 1151.9B

June 2012 (Most Recent Comp) - Chinese UST Holdings 1147.0B

Net US Treasury Holding Change -0.4%

September 2010 - Chinese F/X Reserves (ex. gold) 24542.75B

June 2012 - Chinese F/X Reserves (ex. gold) 32400.05B

Net F/X Reserves Change +32.0%

While the US fiscal year ends in 10 days, corresponding CNB data won't be available until the calendar year end.

JackT's picture

Wife asked why I was laughing. I tried to explain, the "jaw dropping", and the photo of the jet...but it's just one of those things you either get it or you don't.

TruthInSunshine's picture

You forgot about China's "stealth fighter."

The secret to it's lethality is tricking those on the ground that it's a freight train, and not an aircraft, approaching. Very clever.

Video Of Chinese J-20 Stealth Fighter Leaked | ZeroHedge


And that does it, when I have kids, I'm teaching them Burmese, not Mandarin.

Burma's the next BBRIC.

JPM Hater001's picture

China's stealth fighter is nothing to our flying disc technology (actually I think they went with a triangle but not matter...).


hmmtellmemore's picture

Link to original report?

Ineverslice's picture

Bottom falls out and the chick's i-phone falls clear through to Detroit.

Soft landing...Check.


TIMBEEER's picture

After a few hasty, fearful looks at the achievements of the (politically correct censorship here) mayor, and his (pc censored) voters, she will jump back into the hole!

Conman's picture

Its ok they have those warehouse full of steel for assets... oh wait.. oh shit..

Uber Vandal's picture

I find myself saying "Aw fuck" outloud quite often lately when reading articles here.

I guess I'm alright until I find myself shouting "Oh, Fuck me!!".

I have a feeling that day is coming soon for many, if not all, of us.

TIMBEEER's picture

Perhaps your second shout is what was on the mind of the chinese chick bending down on the carpet?

monad's picture

Lots of titanium in China.