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25 Apr 2016
FT: China debt load reaches record high
The Financial Times story published over the weekend revealed that the Chinese debt has ballooned to record highs, highlighting concerns over the pace of growth in the country’s total debt.
Key Points:
China's total debt rose to a record 237 per cent of gross domestic product in Q1
Total net debt to Rmb163tn ($25tn) at the end of March, including both domestic and foreign borrowing, according to Financial Times calculations
"far above emerging-market counterparts"
More worrying is the speed at which it has accumulated - Chinese debt was only 148 per cent of GDP at the end of 2007
Key Points:
China's total debt rose to a record 237 per cent of gross domestic product in Q1
Total net debt to Rmb163tn ($25tn) at the end of March, including both domestic and foreign borrowing, according to Financial Times calculations
"far above emerging-market counterparts"
More worrying is the speed at which it has accumulated - Chinese debt was only 148 per cent of GDP at the end of 2007