Paul Gillis

This page is completely dedicated to what Paul Gillis has to say. All of Paul Gillis’s quotes are organized here by date and topic. The most recent quote attributed to Paul Gillis came from an article called China tries cure by committee for corporate debt hangover: “There was never any realistic possibility that the companies would be able to pay them back.”.

Paul Gillis quotes

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There was never any realistic possibility that the companies would be able to pay them back.

China is avoiding the crisis of calling in loans that can't be repaid anyway. This buys time to do things in an orderly way. A lot of these loans needed to be looked at as equity in the first place.

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