China Is Facing A Mounting Debt Problem

Guang Niu/Getty ImagesCorporate debt in China has soared to $18 trillion, or 169% of GDP, the largest pile of corporate debt in the world, according to the worried Bank for International Settlements. The OECD has warned about it earlier this year. The New York Fed warned about this debt boom in February and that it could lead to a “financial crisis,” but that authorities have many tools to control it. The IMF regularly warns about China’s corporate debt, broken-record-like, and did so again a few days ago, lambasting the authorities for their reluctance to tamp down on the growth of debt.

Topics:  guang niu/getty imagescorporate   international   settlements   oecd   new york fed   the imf   the chinese    ldquo;everyone   charlene chu   financial   times   fitch ratings   she&rsquo   research    ldquo;what   i&rsquo   chu&rsquo   rmb51tn   but chen long   gavekal dragonomics   beijing   ft the   kyle bass   publicly   watch   china   gdp   in   the   chu   but   debt problem   authorities   credit   ndash   bank   central   government   state-owned   growth   control   megabanks   bubble   loans   economy   trillion   banks   yuan   stability   bad   told   year   system   downside   bad-debt   lead   tools   years   warned   orchestrated   greater   lend   upside   methodology   crisis   pile   eventually   won’t   global   supported   people   support   create   occur   worse   crash   economic   allowed   
BING NEWS:
  • Poor Nations Face Deepening Stagnation Amid Mounting Debt
    The fallout from a mix of external shocks and mounting financial troubles are washing over low- and middle-income countries across the world. The world's developing countries paid a record $1.4tn to ...
    12/19/2024 - 8:45 pm | View Link
  • China unveils $1.4 trillion debt relief package to revive its economy
    The world's second-largest economy has sputtered over the past year, facing strong deflationary pressures amid weak demand, a property crisis and mounting ... governments' debt quota will be ...
    11/7/2024 - 9:47 pm | View Link
  • China's debt outlook downgraded as economy slows
    The risks from China's debt pile are mounting as the country grapples with ... The firm is the latest to raise concern about problems facing the world's second-largest economy.
    12/4/2023 - 11:00 am | View Link
  • The complex challenges facing China’s economic future
    Mounting Debt Burden Another pressing issue facing China is its escalating debt levels. To sustain high growth rates, China has heavily relied on debt-financed investments. While this approach has ...
    09/21/2023 - 12:39 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News