JD - 'Full Banking Collapse': China Worries Pile Up As Hedge Funder Sounds Alarm | Benzinga
As the U.S. economy continued to show signs of strength, many investors remained concerned with China’s economic outlook. One hedge funder, Kyle Bass, said China was experiencing a "full banking system collapse” in a recent post on X.
Bass, who is the CIO of Hayman Capital Management, linked to a recent Reuters article that highlighted some of China’s economic concerns. Debt for the second-largest economy in the world has been piling up with local Chinese government debt reaching more than $12 trillion, or more than 75% of the country’s entire economic output.
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