This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
As nonperforming and special mention loans are rising, Beijing instructs banks to securitize them, evoking reminders of the 2008 global financial crisis, which was triggered by banks bundling bad loans into securities and selling them to investors.
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
