“About $1 trillion worth of stocks listed in China’s two main markets, Shanghai or Shenzhen, are being pledged as collateral for loans. This trend has exploded in the past three years.”
Related posts:
Budget analysts project $1.1T federal deficit this year
Cameron: Britain would be "greater Switzerland" outside EU
Spain bans e-cigarettes in public spaces
Legalise ganja to treat HIV, cancer, doctors tell gov't
Alaskan town home to airport with no planes and harbor with no road
New Barbados currency 'more secure' [May 2013]
Bitcoin hype worse than 'tulip mania', says Dutch central banker
Iraq executes 21 men in one day on ‘terror’ charges
Napolitano, Graham: U.S. needs more technological entry and exit controls
Syrian Christians ‘pray for peace’
3D-Printed Gun's Blueprints Downloaded 100,000 Times In Two Days (With Some Help From Kim Dotcom)
Google to challenge telecoms with fleet of solar-powered balloons
Bitcoin Downloads Surge in Argentina
UK lawmakers urge tough new press rules
Britain issues first non-Chinese sovereign RMB bond