The Chinese bubble will end in tears

Posted on

This is the Chinese Bubble in a graph from the FT, this morning:

Screen shot 2014-02-28 at 08.49.55

There are now three credit cards for every Chinese mainlander.

I believe in the need for credit, but I also believe in the control of credit. This looks out of control.

There's a lot of potential for this to end in tears.


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