China is the world’s second largest economy and often not seen anymore as an emerging market. China also has the world’s second deepest bond market – about $15 Trillion in size. But what is quite concerning is that given how big that debt market is, its oversight, transparency and functioning, is much more aligned to that of an emerging market economy than a mature one.
read more: macrotomi.com/article/china-s-debt-problem-keeping-an-eye-on-it?ref=Recon
h/t MacroTOMI
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