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China Injects Economy With A Quarter Trillion In Debt In One Month, But The Full Story Is Much Scarier

Overnight the PBOC reported its debt statistics for the month of September and it will probably not come as a surprise that for yet another month, China flooded its economy with the latest massive new loan injection, while the country's broadest aggregate measure of new credit, Total Social Financing, again surpassed estimates with the number exceeding a quarter trillion dollars in total new debt, in order to fuel, what Bloomberg dubbed, "the economy’s continued stabilization", even though the economy is inherently unstable due to the massive stock of debt already present inside China's financial system.
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