EFTA01365918
EFTA01365919 DataSet-10
EFTA01365920

EFTA01365919.pdf

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Figure 14: China's overall debt level is rising Figure 15: China's corporate debt has been rising faster dramatically, particularly corporate debt, which stands at than that of the US over the past few years 150% of GOP 250% 160% 140% 200% i 150% 100% 50% 40% - 20% - 0,<• J.40400 4450409 Jen.10 Aft 11 Jan-12 Jan13 0% ECalfeiste debt • tiousehokl loans 10 2011 ollocal Govt with LOIN istentral 90v1 dr,ht a GDP &arm Asetative an CSC Ilikenteg Away!" I Sandie •• IS* 11744 &anon Avows LP CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057323 CONFIDENTIAL SDNY_GM_00203507 EFTA01365919
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EFTA01365919
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DataSet-10
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1

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