Feb
16
China’s Markets Risk 2009 Timewarp as New Lending Surges: Chart
By
A bubble in Chinese stocks has burst, the nation’s exports are tumbling, the economy is growing at its slowest pace in years — and banks are doling out loans faster than ever. The last time that happened in 2009, the Shanghai Composite Index doubled in less than 12 months before embarking on a five-year downward spiral as optimism about stimulus turned into concern excessive credit would worsen overcapacity and boost bad debts…
China’s Markets Risk 2009 Timewarp as New Lending Surges: Chart
