Published in TZ Latest News
12 February, 2016 by The TZ Newswire Staff
The Recognition Of China’s NPLs Has Begun: A Chinese Bad Loan Is Trying To Find A U.S. Buyer
After repeated warnings about China’s soaring non-performing loans on this site (here, here and here), which have underscroed the basis of Kyle Bass’ “big trade for 2016”, namely shorting China’s currency in the bet it will have to massively devalue