China's Guaranteed Bubble

The truth about China-s financial industry-and the growing bubble that-s guaranteed to blow it apart-

In recent years, the Chinese economy has been fueled by the implicit guarantee of major banks and local governments by the nation-s central government. The resultant bubble has led to the emergence of a large shadow banking industry that poses major risks to China-s real estate market, speculative stock investments, state-owned enterprises, and more.

It-s not a matter of if China-s bubble will burst. It-s a matter of when<