Standard & Poor's estimates
Reported by Reuters
Total outstanding bank borrowing and bond debt of Chinese non-financial companies stood at about US$ 12 trillion at the end of 2013. That's 120% of China's GDP!
Chinese corporate debt has hit unsustainable levels.
Rising debt restructuring and defaults could spell big trouble for the dragon economy.
Reported by Reuters
Total outstanding bank borrowing and bond debt of Chinese non-financial companies stood at about US$ 12 trillion at the end of 2013. That's 120% of China's GDP!
Chinese corporate debt has hit unsustainable levels.
Rising debt restructuring and defaults could spell big trouble for the dragon economy.
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