Tim Rühlig's Chaillot Paper cited in Bloomberg

Tim Rühlig and Alicia Garcia-Herrero's Chaillot Paper, 'China - A fragile power? How Europe can use its economic leverage over Beijing', was mentioned in a Bloomberg article discussing the growing pile of bad debt that Chinese banks are grappling with. The article references the publication's estimates of China's non-performing loan ratio: while the official figure stands at around 1.5%, the authors note that anonymous Chinese officials privately estimate the true ratio to be between 15% and 20%.