Business & Economy · 36 views
Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will be on display.
Summary
As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will be on display. But its state-led growth model has been slowing—and a rapidly expanding mountain of debt is a warning sign. In fact, while the recent explosion in U.S. federal debt has raised numerous red flags, a broader measure of indebtedness across the public and private sectors shows borrowing as a share of GDP is actually down since 2010.
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