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(Yahoo)   China saw how much financial fun the US had after letting banks hide risky assets from balance sheets, and decides they want to play too   ( divider line
    More: Scary, balance sheets, loans, commercial banks, banking institution, money markets, trust companies, Pudong, Fitch Ratings  
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1436 clicks; posted to Business » on 08 Apr 2013 at 9:47 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-04-08 10:10:51 AM  
1 vote:
It's not so much of a Ponzi scheme as a country trying desperately to generate the wealth needed to deal with a swiftly aging population.  The whole one child policy plus natural demographics of an increasingly educated society are going to bite them very very hard in twenty years and they know it.
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