May
07
China’s Very High Mountain of Debt
ByTotal debt is at 282 percent of GDP, with the rapid pace of credit expansion worrying policy makers.
China’s debt mountain is casting a shadow over the world’s second-largest economy.
Total debt has reached 282 percent of GDP, according to the McKinsey Global Institute. While other big economies aren’t far behind, it’s the pace of China’s credit expansion that’s worrying policy makers, spurring targeted stimulus strikes while trying to avoid a debt sugar hit…
