There are two pieces of received wisdom that open and close almost any conversation about China’s banks.
Firstly, they face a looming bad debt problem that will make the 2008 US banking bust seem like a bugle before a foghorn.
Secondly, this does not matter because the Chinese do things differently – any bad debts can be simply magicked away.
您已閱讀7%（342字），剩余93%（4219字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。