China’s total debt reaches 282% of its GDP: McKinsey

(From Bloomberg/Economic Times)

China’s debt mountain is casting a shadow over the world’s second-largest economy.

Total debt has reached 282 per cent of GDP, according to the McKinsey Global Institute. While other big economies aren’t far behind, it’s the pace of China’s credit expansion that’s worrying policy makers, spurring targeted stimulus strikes while trying to avoid a debt sugar hit.  Read more

Categories: Asia Times News & Features, China