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China begins QE?

HFNYHFNY Member Posts: 5,188 Standard Supporter
China's total debt (including shadow banking) is something like 283% of GDP. They have ample foreign currency reserves to backstop their banks that forked over bad loans (particularly since their 2009 "stimulus" splurge) but it could get really ugly:

zerohedge.com/news/2015-06-30/chinese-qe-calls-officially-begin-bond-swap-sucks-liquidity-contributes-stock-slump-

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