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News Link • China

China's Banks are Getting Ready for a Debt Implosion

• arclein

This lending comes amid a big effort to cut costs among Chinese companies. They know a cash crunch is coming as the PBOC maintains that it will not take major measures to stimulate the economy. Meanwhile, profit margins have been thinning for some time, and China's producer-price index has deflated 6.7% in the past 36 months.

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