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China's debt is 250% of GDP and 'could be fatal', says government expert
@no smoking Yes, that is the total debt of govt, corporate & private debts. If I remember correctly, in 2008, recession has bad effect on the world, to prevent this affecting economic growth, China gave loans to everyone and major part of them went to construction & real estate industry...- Flame Thrower
- Post #13
- Forum: China
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China's debt is 250% of GDP and 'could be fatal', says government expert
If Chinese bubble bursts, then that will be the largest economical disaster of all time..... A few assumptions from my side. Lets look at the world economy, EU is not in good shape, America... I'll explain it, India is good but dependent on America, Brazil... Political turmoil. Finally...- Flame Thrower
- Post #9
- Forum: China