Latest / The John Batchelor Show
S8 Ep1193: Andrew Collier and Gordon Chang: China's banking system faces a time bomb with an estimated $7.7 trillion in unreported bad loans
Andrew Collier and Gordon Chang: China's banking system faces a time bomb with an estimated $7.7 trillion in unreported bad loans, largely due to government-backed entities rolling over debt to mask insolvency. The property market remains a crater, and while manufacturing and tech sectors such as EVs are growing, they represent only a fraction of the GDP once provided by real estate. Xi Jinping resists bazooka stimulus programs, preferring state-led investment in high tech over consumer-driven growth. This has resulted in a K-shaped economy in which wealthy urbanites thrive while rural…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.