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Last Chang
Bloomberg Television
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Comments by "Last Chang" (@lastChang) on "China Developer Vanke Said to Be in Debt Swap Talks With Banks" video.
Vanke has been downgrades 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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