China Prepares For Civil Unrest
Chinese banks are getting swallowed up, state-owned companies are preparing for civil unrest and average citizens are fleeing China in record numbers.
Chris Chappell says the problem lies with the Chinese government’s teetering banking sector. Sourcing the Wall Street Journal, Chappell says China’s off-balance-sheet hidden debt is at a staggering $7-$11 trillion. Economists estimate that from $400 billion to more than $800 billion is at high risk of default. More from China Uncensored.
