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China's Financial System Ready To Collapse - Giant Ponzi Scheme Exposed! China’s Debt Is Well Over $507 Trillion, And Yet Per Capita Income Is Less Than $4500
InvestmentWatch Is the Chinese banking system ready to collapse? An interesting article that explains that Chinese financiers are involved in a gigantic Ponzi scheme that is leaving the Chinese financial system very vulnerable. In a nutshell, shadow bankers borrow money very cheaply from the Chinese controlled banking system, and invest it in construction projects. (Borrowing rates are between 1% and 2%.
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