".. note the numerous indicators of financial fragility, including excessive credit growth; moral hazard arising from the belief that the state has underwritten all financial risk; related-party lending between state-controlled banks and state-owned enterprises; loan-loss forbearance; de facto financial liberalisation (accompanying the growth of the shadow banking system); extreme asset-liability mismatches created by WMPs [wealth management products] and interbank lending; elevated bank leverage hidden by off-balance sheet exposures; contagion risk posed by undercapitalised credit guarantee networks; and a financial system plaguedby Ponzi finance practices and contaminated with corruption and fraud."
bark e bark hedges out of a caution born of his mystical
suspicion
".. Chinese system is different from others and has many powers. "
" So, they may be able to overcome all this."
" But the situation seems much more dangerous than previously,
with this being beyond the control of the Chinese government authorities."
yuan debt piles "beyond the control "
of the possessor of a limitless yuan mine ?
