Now, astronomical Chinese credit has been likened to “financial Star Trek.”

China’s very first notes were called “flying money” because, unlike coins, they could flutter away in a breeze. That’s an appropriate metaphor for Chinese financial policy, now wafting in an orbit of its own. One way or another, it will have to come back down to earth.

Chinese Debt Soars Into Space

China’s paper money impressed Marco Polo but later became associated with recklessness. Now, astronomical Chinese credit has been likened to “financial Star Trek.”

WSJ.COM|由 ANDREW BROWNE 上傳