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Anonymous ID: /qoEyPDi/biz/60506644#60507537
6/15/2025, 9:43:05 PM
It's because they have gone full communist. State banks are rolling over every single loan and bond. Doesn't matter how healthy the underlying business is, everybody gets a bailout.

In 2025 so far, new financings totalled RMB 18.63 trillion - going by official GDP growth data that implies they needed about 6-7 RMB in finance to generate 1 RMB in GDP growth. Real data probably even worse.
92% of new finance went to corporations. 5% to households.

They are keeping unprofitable / unproductive businesses rolling (majority of which state owned) just to keep people employed as a financial stability safety net.

It does not bode well for the world economy if China is operating on the same principles as Tito's Yugoslavia or late-stage USSR.