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In 2011, the World Economic Forum predicted that China's debt would increase by a worrying $20 trillion by 2020. By 2016, it had already increased by $22 trillion, according to the most conservative estimates, and at current rates it will increase by as much as $50 trillion by 2020. These numbers probably understate the reality.

Can China Really Rein in Credit?
https://www.bloomberg.com/view/articles/...-in-credit
What South Korea’s 1997 Meltdown Can Teach China in 2017
https://www.bloomberg.com/news/articles/...na-in-2017
There's a strange accounting trick behind one of China's largest property deals ever
http://www.cnbc.com/2017/07/12/wanda-sal...-ever.html
Looks like the trick is up... Sunac seems exceptionally desperate to M&A... I wonder:

The transaction took an unexpected turn after Wanda, led by billionaire Wang Jianlin, came under regulatory pressure over how it financed an acquisition spree across the globe. Sunac, meanwhile, has emerged as one of China’s most indebted developers, and needed help with financing from Wanda to complete the original deal, which would have cost it $9.3 billion.

For Wanda, the latest deal amounts to a 63.7 billion yuan sale in total, slightly above the agreement with Sunac announced on July 10, and relieves Wanda from needing to make a 29.6 billion yuan loan to Sunac. The three parties agreed to strategic cooperation in the cultural and movie industries. For the Wanda City theme-park projects, Wanda’s brand will remain.

Sunac will pay 48 percent more for its portion of the tourism assets than in the original deal, while R&F pays 41 percent less for 77 Wanda hotels than Sunac was to have paid for 76 hotels, according to Wednesday’s statement and the previous deal terms. -Bloomberg
This actually looks asute - another non official policy tool to "lower interest rates" but what about the secondary effects? - Eg. the article mentions this only applies to official WMP products, and so more money will leave official ones (1/5 of market) to unofficial ones (4/5 of market).

China Tells Banks to Lower Returns on Wealth Products
Deleveraging drive prompted some lenders to lift WMP returns

China banks held $4.2 trillion of wealth products as of May

China’s banking regulator told some lenders to lower the rates they offer on wealth-management products, people familiar with the matter said, as officials move to reduce financial risks and stimulate the economy.

Banks, including some big lenders, received the order from the China Banking Regulatory Commission earlier this month, said the people, asking not to be identified as they aren’t authorized to speak publicly. The requirement applies to on-balance sheet wealth-management products, which account for about a fifth of the nation’s more than $4 trillion of so-called WMPs, according to one of the people.

https://www.bloomberg.com/news/articles/...s-j5903t7u
China's Overextended Consumers Can't Stop Adding Debt
https://www.bloomberg.com/view/articles/...dding-debt
As my opinion previously, China worry is still ensuring it's yearly cohort entering the workforce gets gainfully employed. This is to prevent social duress during the communist rule. Imo China will still keep on borrowing more, it won't stop until it solves the problem of creating more jobs by leveraging up.