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 sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
