By John Rubino – Re-Blogged From Dollar Collapse
China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time.
But the transformation has come at a cost, in the form of a debt bubble that’s starting to look unstable. Beginning in 2015 non-performing loans and bond defaults both started trending upward and are now close to levels at which the risks become systemic. The following three charts tell that tale: