Tuesday, June 14, 2016

IMF Sounds A Strong Warning On China
"Corporate debt remains a serious — and growing — problem [in China] that must be addressed immediately and with a commitment to serious reforms .. With the rapid increase in credit growth in 2015 and early 2016, and the continued high rates of investment, the problem is growing. This is a key faultline in the Chinese economy . . . And it is important that China tackles it soon .. In a setting of slower economic growth, the combination of declining earnings and rising indebtedness is undermining the ability of companies to pay suppliers or service their debts. Banks are holding more and more non-performing loans [and] the past year’s credit boom is just extending the problem."
- IMF
link here to the article

1 comment:

Anonymous said...

America Drowned In Corruption
June 13, 2016 | Categories: Announcements | Tags: | Print This Article Print This Article

The Democratic Party, once the party of the common man, is now the party of the One Percent.
The Democrats are determined to make the indictable agent of the One Percent, Hillary Clinton, president of the United States. This is the first time that a nominee for US president is under criminal investigation. And this does not bother the presstitute media, the Democratic Party or half of the Democratic voters.

Could not be clearer to what depths the US has descended.

https://www.rt.com/usa/346534-wikileaks-clinton-assange-fbi/