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A comment on Baoshang collapse threatens China's economy, may trigger central bank response. Parent comment

Re:Baoshang collapse threatens China's economy, may trigger ... by LorenPechtel on Saturday June 29, 2019 @08:40PM (#20315714)
While banks sometimes fail this is the tip of the iceberg. The government has been using the banks to keep the economy on high, never mind that an awful lot of the loan security is not worth it's paper value.

I'm sure you've heard of the ghost cities?

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