Has President Trump’s withdrawal of Biden era renewable subsidies killed the Chinese economy? - Eric Worrall
- But there are deeper issues with the Chinese economy – a lot of private Chinese companies appear to be borrowing unsustainable amounts of money to cover losses, in an apparent effort to maintain market share at any cost.
- China debt overhang leads to rising share of ‘zombie’ firms
There is mounting evidence of “zombie lending” in China,
banks rolling over bad loans to unprofitable firms and allowing the status quo to continue rather than recognize losses...
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