Predictably, there has been no serious reform, and there has been no serious deleveraging either. Indeed debts just keep rising, in some sectors faster than ever before; Local SOEs and LGFVs rose by 21% in the first nine months of this year, to $48 trillion yuan ($7.2 trillion).
from Forbes Real Time https://www.forbes.com/sites/douglasbulloch/2017/12/15/chinas-debt-bomb-just-keeps-getting-bigger/
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