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Dual Risk Out Of China

July 10th, 2016 · No Comments

  • The largely state-owned industrial sector is plagued by overcapacity, large debt, deflation and declining credit quality.
  • The Chinese authorities have three ways of dealing with this, restructuring, devaluation, or stimulus.
  • They seem to have chosen the path of least resistance; while this is good news in the very short run, it only increases the risks in the near future.

Dual Risk Out Of China | Seeking Alpha

Tags: China