China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
China’s private sector debt has increased from 115% of GDP in 2007 to 193% at the end of 2013. reached in 2007. From a macroeconomic perspective, very few economies have ever created as much debt as China has in the past five years. That 80% increase over five years compares to the U.S.’s s 26% in 2000-2005. trillion GDP.
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