China's total debt has increased to a record level of 237% of the GDP in the first quarter of 2016, far exceeding the level reached by other emerging countries, which increases the risk of a financial crisis or of the extended slowdown of the country's economy, according to the warnings launched by analysts. British publication Financial Times (FT) writes that Beijing has resorted to major loans to boost its economic growth, feeding the net debt, which reached 163,000 billion Yuan (25,000 billion dollars) at the end of March. The amount also includes internal borrowing, as well as the foreign ones.
Access Investments-Building Awareness - European Union-ROMANIA
Wednesday, May 4, 2016
China's total debt has increased to a record level of 237% of the GDP in the first quarter of 2016, far exceeding the level reached by other emerging countries, which increases the risk of a financial crisis or of the extended slowdown of the country's economy, according to the warnings launched by analysts. British publication Financial Times (FT) writes that Beijing has resorted to major loans to boost its economic growth, feeding the net debt, which reached 163,000 billion Yuan (25,000 billion dollars) at the end of March. The amount also includes internal borrowing, as well as the foreign ones.
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