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China's corporate debt a greater threat to its slowing economy

Corporate debt pile of US$16.1 trillion and rising is at 160 per cent of GDP, twice that of the United States
Monday, July 20, 2015 - 05:50

Beijing's policy interventions affecting corporate credit have so far been mostly designed to address a different goal - supporting economic growth, which is set to fall to a 25-year low this year.

Hong Kong

BEIJING may have averted a crisis in its stock markets with heavy-handed intervention, but the world's biggest corporate debt pile - US$16.1 trillion and rising - is a much greater threat to its slowing economy and will not be so easily managed.

Corporate China's debts,

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