The Chinese Credit Bubble - Full Frontal

This post is about China, yet one can see Korea's corporate debt as a % of GDP in the chart below.

From Zero Hedge:

While Chinese government and consumer debt can be whatever China wants it to be (and when it isn't, any discharged and non-performing debt is merely masked over with more debt: China doesn't have $3 trillion in foreign reserves for nothing) corporate debt, in keeping with Western-style reporting requirements, is far more difficult to obfuscate and falsify in recent years. It is here that we get the first glimpse of the true sheer extent of the Chinese credit bubble, which as the chart below shows, is already the largest in the entire world.



http://www.zerohedge.com/news/2012-11-05/chinese-credit-bubble-full-frontal