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http://www.businessinsider.com/chinas-total-debt-surges-to-251-of-gdp-2014-7
China's total debt (financial credit) burden hit 251% of GDP at the end of June, according to Stephen Green at Standard Chartered.
By comparison, the US had a 260% total-debt-to-GDP ratio in 2013 and Japan has 415%, according to the FT.
On the face of it this doesn't look as bad. And the argument typically goes that because a lot of this is domestic, not external debt, China has no reason to worry.
But the concern with China has centered on the rapid rise in debt (financial credit) to GDP from 2009 on.
Read more: http://www.businessinsider.com/chinas-total-debt-surges-to-251-of-gdp-2014-7#ixzz38C8oqaeu
China's total debt (financial credit) burden hit 251% of GDP at the end of June, according to Stephen Green at Standard Chartered.
By comparison, the US had a 260% total-debt-to-GDP ratio in 2013 and Japan has 415%, according to the FT.
On the face of it this doesn't look as bad. And the argument typically goes that because a lot of this is domestic, not external debt, China has no reason to worry.
But the concern with China has centered on the rapid rise in debt (financial credit) to GDP from 2009 on.
Read more: http://www.businessinsider.com/chinas-total-debt-surges-to-251-of-gdp-2014-7#ixzz38C8oqaeu
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