WORLD_ China debt tops 250% of national income

July 21, 2014 4:02 pm
FT

China debt tops 250% of national income

By Jamil Anderlini in Beijing

China’s total debt load has climbed to more than two and a half times the size of its economy, underscoring the difficult challenge facing Beijing as it seeks to spur growth without sowing the seeds of a financial crisis.

The total debt-to-gross domestic product ratio in the world’s second-largest economy reached 251 per cent at the end of June, up from just 147 per cent at the end of 2008, according to a new estimate from Standard Chartered bank.

Read more: http://www.ft.com/intl/cms/s/0/895604ac-10d8-11e4-812b-00144feabdc0.html#axzz388r3s56o  


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