SUBSCRIBERS

Is China's debt driving it to a financial crisis?

Government insists things are under control even as IMF estimates total non-financial sector debt will reach almost 300% of GDP by 2022

Published Wed, Sep 20, 2017 · 09:50 PM

China

Beijing

CHINA'S debt pile has long been on economists' radar with risks ranging from a full-blown financial crisis and a crash of the real-estate market to stagnant long-term growth.

Despite repeated calls for Beijing to keep its debt in line, little has been done on the ground as credit expansion and GDP (gross domestic product) growth still remain the government's priorities.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes