A spate of recent commentary has been warning of the vertiginous rise in China’s debt, which jumped from 148% of GDP in 2007 to 249% at the end of the third quarter of last year, placing it on par with debt levels in the EU and the US. Should the world be worried?
HONG KONG – A spate of recent commentary has been warning of the vertiginous rise in China’s debt, which jumped from 148% of GDP in 2007 to 249% at the end of the third quarter of 2015. Many are anxiously pointing out that China’s debt is now comparable to that of the European Union (270% of GDP) and the United States (248% of GDP). Are they right to worry?
HONG KONG – A spate of recent commentary has been warning of the vertiginous rise in China’s debt, which jumped from 148% of GDP in 2007 to 249% at the end of the third quarter of 2015. Many are anxiously pointing out that China’s debt is now comparable to that of the European Union (270% of GDP) and the United States (248% of GDP). Are they right to worry?