Dollars and Jens
Tuesday, May 09, 2006
 
Bad Chinese Debt
According to Ernst & Young, the accounting firm, bad loans in the Chinese financial system have reached a staggering $US911 billion..., including $US225 billion in potential future [non-performing loans] in the four largest state-owned banks.

This equals 40 per cent of gross domestic product and China has already spent the equivalent of 25-30 per cent of GDP in previous bank bail-outs.
Story here. There's a lot more about Chinese finance.

- posted by Steven @ 6:26 PM
Comments:
<$BlogCommentBody$>
# posted by <$BlogCommentAuthor$> : <$BlogCommentDateTime$>
<$BlogCommentDeleteIcon$>
(0) comments Post a Comment

Powered by Blogger