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China Has Quietly Bailed Out Over $220 Billion In Bad Debt In The Past 2 Months
Article By: Tyler Durden
Sunday, May 22, 2016 10:08 PM EDT
Two months ago we were amazed to read that according to the latest "deus ex machina" proposed by the PBOC, China would "sweep away" trillions in bad loans by equitizing them in the form of debt-for-equity exchanges.
In this article: CHINA, BOND
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