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China's debt problem is currently estimated at $2 trillion

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opednews.com Headlined to H3 9/24/16

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GDP And Credit Expansion
GDP And Credit Expansion
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Bad debts in the Chinese banking system are ten times higher than officially admitted, and rescue costs could reach a third of GDP within two years if the authorities let the crisis fester, Fitch Ratings has warned.

One way to deal with assets in the over-priced housing sector would be to implement a nationwide Land Value Tax. This would lower prices while channeling the rent into the communities. It would get ghost city inventories moving & allow untaxing of incomes & offset inflationary pressures when China inevitably starts printing money to escape its debt burden.
China will continue exporting its debt via foreign infrastructure projects. A worldwide resource tax would force more efficient use of dwindling resources & foster new resource-saving industries.
It's manageable but will require unprecedented levels of non-ideological practicality & global coordination.

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