chinese banks, chinese debt, hospitals

What Does Hospitals Taking Loans From Nurses Say About China’s Debt Situation?

When a business borrows from its employees, it tells a lot about how badly they are doing. In China, a similar situation exists in some regions. In the city of Ruzhou, city administrators are forcing healthcare workers to “donate” money to build a new hospital because of the city’s debt problem. Building up debt Doctors ...

Max Lu

A Chinese doctor in a hospital.

Understanding China’s Shadow Banking System and Its Fatal Risks

China’s lending bubble has been a huge concern for economists for the past several years. A big chunk of the debt lies in the country’s shadow banking sector, which only increases the risk of China’s financial collapse. As reported by the Bank of International Settlements (BIS), the overall Chinese debt is currently at around 255 ...

Armin Auctor

Chinese yuen currency.