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mk  ·  3449 days ago  ·  link  ·    ·  parent  ·  post: Signs of a Growing Hush in China’s Economy

The larger issue at hand is the enormous amount of private debt and the high rates on it.

One theory is that the CCP was pumping the market to support these otherwise overextended companies. In a sense, they were socializing the debt rather than bailing them out directly.

If this cause a crisis in consumer confidence, the fallout could actually be exacerbated by the stock market's tumble.