原材料在庫を担保にお金を貸す銀行

Fear the Dark Side of China's Lending Surge

Putting money into speculative investments isn't totally irrational. It's better than expanding capacity which, without export customers, would surely lead to losses. Businesses currently lack incentive to invest. But many boom forecasters wrongly assume that recent asset appreciation, fueled by speculation, signaled an end to economic problems. That's an illusion. The lending surge may have created more problems than it resolved.

• 原材料価格が低下したら、中国の銀行は膨大な不良債権を抱えることに。