Thursday, July 16, 2015

China's debt is still growing faster than its economy. China's Debt-to-GDP Ratio Just Climbed to a Record High

Bloomberg reports:
While China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace.

Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008, data compiled by Bloomberg show.
Just a reminder.