Does China face a looming debt crisis?

After decades of near double-digit growth, Chinese leaders have turned to using turbo-charged stimulus financing to maintain moderate growth. A consequence of this strategy has been a dramatic and rapid rise in debt. As of 2016, China’s total debt amounted to 257.1 percent of its gross domestic product (GDP). While a debt-to-GDP ratio exceeding 100 percent is not unusual, … http://bit.ly/2vWxzaQ … http://bit.ly/2vWxzaQ

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