Heute liegen dem chinesischen Kreditboom Sicherheiten zugrunde, die beinahe so dürftig sind, wie jene von Bear Sterns, Lehman Brothers und anderen im Jahr 2007.
Today, China’s credit boom is underpinned by collateral almost as bad as that on which Bear Stearns, Lehman Brothers, and the rest were relying in 2007.