China’s Debt Bonfire is a Disaster in the Making

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Rupert Hargreaves
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China’s Debt China

Guest post: China’s Debt Bonfire is a Disaster in the Making by Jonathan Rochford, CFA Portfolio Manager of Narrow Road Capital Pty Ltd China’s debt bonfire has been building for decades, but recent news and data points to it growing faster than ever with a greater risk of becoming an economy scorching inferno. There’s three key components to this analogy, the wood, the accelerant and the matches.   China’s debt bonfire: The wood Firstly the wood, which is an ever-growing stockpile of debt that cannot be serviced from profits. As shown below, Macquarie Research found that 23% of bonds issued…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk