Bloomberg Businessweek (North America)
China Decides Debt Can Be Dangerous
Lenders ▶ Xi wants growth of 6.5 percent, and that requires more lending ▶ “Institutions always find new ways to get around the rules”
The Chinese Communist Party is now officially worried about mounting debt. “A tree cannot grow up to the sky—high leverage will definitely lead to high risks,” said a front-page commentary in the People’s Daily