China loans hits record US$1.73 trillion in first half of 2020 after strong June as coronavirus recovery continues
Editors note: China’s continuous subsidy machine, in the form of loans that don’t need to be paid back, is accelerating. This is how they can sell at prices that don’t make sense. Banks extended a record 12.09 trillion yuan (US$1.73 trillion) of new loans in the first half of 2020, beating a previous peak of…