-L’argent facile va exacerber le problème des dettes irrécupérables  et encourager a spéculation

-les risques du crédit augmentent

-la dette représente 237% du GDP

-la masse monétaire est en hausse de 13%

-la PBOC demande aux banques de modérer à nouveau leurs prêts

-la spéculation se dirige vers les commodities

April 25 – Barron’s (Shuli Ren): “The People’s Bank of China is worried that easy money will exacerbate China’s bad debt problem and encourage speculative behavior. Over the weekend, the PBoC’s Vice Governor Chen Yulu said that financial institutions are facing increasing credit risks. China’s total debt rose to a record 237% of its GDP in the first quarter as money supply jumped 13% year-on-year, well above China’s nominal GDP growth rate. Well-respected Chinese financial magazine Caixin reported this afternoon that the PBoC is now asking its banks to pare back lending this month. The central bank is asking banks to lower the amount of new loans to just 70% of what was planned at the beginning of the month. Strategists and analysts are now saying that ample liquidity is driving Chinese investors to conduct speculative trading in commodity futures.”