In China, outstanding loans have risen sharply to 40% of GDP but analysts fear the end of the credit binge could trigger a crisis for the wider world.
1. How fast has the debt per household risen over the last 5 years?
2. What is the Chinese household debt ratio compared to other countries?
3. What is the Chinese government trying to use as the chief driver for growth and by doing so, what is it trying to avoid?
Staff (2016) China’s property frenzy and surging debt raises red flag for economy. The Guardian, Nov. 27 (Retrievable online at https://www.theguardian.com/business/2016/nov/27/chinas-property-frenzy-and-surging-debt-raises-red-flag-for-economy).