The BBC reports in the following link that the China government is beginning a more aggressive enforcement of "private" banking.
http://www.bbc.co.uk/news/business-15380188
In this case, private banking includes the individuals that lend money to anyone willing to pay interest rates high enough for the lenders to need personal "collectors" that stay outside your factory just as a friendly reminder to pay (or else).
This enforcement announcement puts an official spin to the reality that has been already happening as both traditional and street lenders shut off the cash.
The fact, however, is that the under or non -performing traditional loans are far higher than the Chinese admits and the property markets are in worse shape than this article states.
The Takeaway: don't believe everything you read, even in the BBC...
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