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Opinion: China’s bad debt is alarming but does not necessarily imply a looming crash

3 weeks ago
Sky Canaves
Until it seriously reforms its financial system, including the banks, thereby getting it to allocate resources properly, then investment will be misallocated into dodgy projects," writes Roger Bootle.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

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