Easy Credit Has Inflated China's Debt Ratio
Written by John O’Donnell, Online Trading Academy
The Chart of the Week
This week we look at the expansion of credit in China over the past two decades. Up to the start of the Great Financial Crisis Chinese total debt expanded from about 130% of GDP to 180% over a decade (about 39% or 3.9% per year). But in the 8 years 2009 through 2016 the expansion was from 180% of GDP to about 285% (about 58% or 7.3% a year).
Discussion of debt to GDP ratio in China continues after the Read more >> jump.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201901162255
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