Condor Resources Inc CNRIF

China in dire straits

[Crashcomingsoon]

My Comment:  RE is 25% of China's GDP and it is collapsing and affecting shadow banking. So, will China start massive stimulus to hod things together for a while longer?

Credit Bubble Bulletin : Weekly Commentary: Junctures and New Cycles
Excerpt:
. I have to assume the default strategy of burdening their overburdened banking system with more high-risk late-cycle loans will suffice until Xi Jinping has an epiphany (that it ain’t gonna work). At that point, the PBOC cranks up the electronic printing press. 


Clock Is Ticking Down On Stimulus Bazooka In China | ZeroHedge
Excerpt:
Local governments are indebted to the tune of almost $8 trillion, or ~45% of GDP, according to JP Morgan, much of it collateralized by land values. This was similar to the dynamic faced by Japan, where land values - which had been the focus of rampant speculation - collapsed, forcing corporates and banks to retrench and focus on repairing their balance sheets, causing demand and investment to crater.

[Crashcomingsoon]

Will China stimulate their economy with Trillions of Yuan?  Their economy sinks lower with each new economic data release.  Doug Noland thinks China fears a currency devaluation if they do a massive stimulus and yet te alternative could be: Morgan Stanley: If China Enters A Debt-Deflation Loop, It Will Spread Disinflation Around The World | ZeroHedge China could prolong their bubble