The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Billionaire’s Snack Flagship Changes Growth Recipe As China Pace Slows
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Want Want China aims to expand business beyond China, boost sales of
low-alcohol beverages and promote private label sales, executive director
Kevin Tsai t...
44 minutes ago