China's Debt Is 250% of GDP and 'Could Be Fatal', Says Government Expert; Defaults in the hugely indebted corporate sector could derail state-owned banks, triggering a systemic crisis, economist says. Guardian, June 16, 2016.
https://www.theguardian.com/busi ... s-government-expert
three consecutive paragraphs:
"China's borrowings hit 168.48 trillion yuan ($25.6 trillion) at the end of last year, equivalent to 249% of economic output, Li Yang, a senior researcher with the leading government think-tank the China Academy of Social Sciences (CASS), has told reporters.
"But the huge number, which includes government, corporate and household borrowings, was lower than some non-government estimates.
"The consulting firm McKinsey Group said earlier this year that the country’s total debt had quadrupled since 2007 and was likely as high as $28 trillion by mid-2014.
(2) 社科院智囊:中国全社会杠杆率249% 不会发生债务危机. 中国新闻网, June 15, 2016.
http://www.chinanews.com/cj/2016/06-15/7905698.shtml
(李扬) |