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Last Chang
Bloomberg Television
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Comments by "Last Chang" (@lastChang) on "Chinese Developers Country Garden, Vanke to See Losses" video.
Vanke has been downgraded by Moody's "junk." But, all China's property developers are in the same situation as Vanke. The Chinese government has too much debt on its own and can't bail any of them out. China's debt is currently at 300% of its GDP or $55 trillion.
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