b********1 发帖数: 114 | 1 http://seekingalpha.com/article/197460-who-will-pay-for-chinas-bad-loans
Since this is a very long post, it may make sense first to provide a quick
summary of what I am going to argue. As I have discussed often in earlier
posts, pessimists are starting to worry about excessive debt levels in China
, about which they are very right to worry, and many are predicting a
banking or financial collapse, which I think is much less likely. Optimists,
on the other hand, are blithely discounting the proble |
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