Bad loans in China a result of RMB4tn stimulus

In 2008, China implemented a 4 trillion yuan (US$656 billion) stimulus package to boost the slowing economy and to cope with the global financial crisis. While the package gave a strong boost to the economy, its side effects, most notably bad loans, have had a lasting effect, unleashing a debate on the pros and cons of the package, the website of Tencent Finance reports.

 

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