China's debt close to US levels

Note: This section contains information in English only.
Source: Business Insider
The time when China's debt exceeds US debt seems to be imminent. As of the last month, aggregate debt in China surged to 251% of the GDP. When comparing to US debt, the value from 2013 reveals a total of 260% ratio. The major concerns are related with China's fast rise in financial credit. During the previous year, economists stated China is increasing its credit growth and decreasing its economic development.
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Wed, 23 Jul 2014 11:22:10 GMT

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