Tuesday, June 05, 2018

China's DEBT_ Reserve Bank of Australia worried about China's debt bomb

FINANCIAL REVIEW

Apr 6 2018 at 2:30 PM
Updated Apr 6 2018 at 2:30 PM

Reserve Bank of Australia worried about China's debt bomb

Eventually China's decade-long binge on debt will cause some serious indigestion that could slow global economic growth.



The latest warning of China's pending economic demise following a decade-long credit binge comes as the Reserve Bank of Australia has also stepped up monitoring the situation. David Rowe


by Lisa Murray

China's rapidly growing pile of debt has long been regarded as one of the biggest risks to the global economy.

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READ MORE: https://www.afr.com/news/world/reserve-bank-worried-about-chinas-debt-bomb-20180404-h0ybk7


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In his new book China's Great Wall of Debt, former Wall Street Journal reporter Dinny McMahon says Chanos and Soros weren't wrong. "It's just that China's authorities have an unparalleled capacity to kick the can down the road," he writes. supplied


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