One thing I did not understand about Chinese corporate debt was how short-term it was! Short-term as % of total liabilites is ominous.

One thing I did not understand about Chinese corporate debt was how short-term it was! Short-term as % of total liabilites is ominous. @IIF via @SoberLook pic.twitter.com/5CiX7iACjb

— Adam Tooze (@adam_tooze) July 18, 2019

"Beijing is forcing large banks to lend short-term money to risky NBFIs to prevent contagion from spreading." https://t.co/fYg3Enq480 @rhodium_group

— MacroPru😷 (@MacroPru) July 19, 2019