China's Guaranteed Bubble German the depth of thinking and

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China's Guaranteed Bubble German the depth of thinking andAuthor(s): Zhu, Ning The truth about Chinas financial industryand the growing bubble thats 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 nations central government. The resultant bubble has led to the emergence of a large shadow banking industry that poses major risks to Chinas real estate market, speculative stock investments, state owned