China’s Shark Loan Ponzi Finance- As Ponzi Schemes Collapse the Chinese Government Fears Civil Unrest
Lots of links and info at the link.
The Chinese government doesn't like civil unrest and large public gatherings that are not approved, i.e. it isn't particularly germane to the story (officials broke up the peaceful pro-Cantonese rally, for instance). The story to pay attention to is the financial implications.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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