China prediction of the day

While the total amount of debt issued to pay interest is projected by Hua Chuang Securities to increase, it’s taking up a smaller portion of overall new credit. The firm predicts such borrowing will account for 45 percent of new total social financing — which includes bank loans, shadow banking credit and corporate bonds — down from 50 percent last year, according to a Nov. 4 report.

Well…it’s falling.  I guess that’s good news…sort of…

That is from Bloomberg News, via HaidiLun and Christopher Balding.


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