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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
Add BT as a preferred sourcePublished Wed, Sep 20, 2017 · 09:50 PM
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.
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