China Debt Bubble A Math Problem Without a Growth Answer: Chu

1 + 1 does not always equal 3 when talking about the Chinese economy, is the conclusion of a recent Bloomberg interview conducted with Charlene Chu, a senior partner at Autonomous Asia, and "star analyst".

China’s shadow banking problem

Chu, who was among the first to warn about China’s shadow banking problem while at Fitch Ratings, said the situation is only worsening. China is the biggest debt bubble the world has ever seen and she said the fundamentals in the country continue to deteriorate and a debt bubble is forming that can’t be ignored. “I don’t see how every asset price in the country...