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Mounting debts could derail China plans to cut steel, coal glut

“China’s statistics bureau puts coal and steel debts alone at 8 trillion yuan, of which about a third is bank debt. If 20 percent of that were to go bad in 2016, which industry analysts say is not unrealistic, it would raise Chinese banks’ non-performing loans by nearly half.”

Yes, this is from Reuters.  And yes, that is a load of debt…

Mounting debts could derail China plans to cut steel, coal glut

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