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debt bubble ("There's a lot of debt in China, it's over 320pc of national income. A lot of that debt is uncommercial. Borrowers are finding it very, very difficult to keep current with their interest payments and paying off their loans," Magnus says.
The unwinding of this debt bubble is triggering serious problems in the property market. Analysts at UBS estimate that China's real estate slump will cost the nation's banking system as much as $212bn (£170bn) in losses on loans, bonds and other assets.  yahoo.com amorgen) |
