The Traderszone Network

Published in TZ Latest News 18 February, 2016 by The TZ Newswire Staff

China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016

One of the more stunning economic updates this week was China’s unprecedented surge in Chinese loan creation, when as reported earlier this week, China unveiled a whopping CNY3.42 trillion in Total Social Financing, its broadest debt aggregate, an amount greater than half a trillion dollars, of which CNY2.51 trillion was in new bank loans.

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