How Long Can China Defy the Laws of Macrofinancial Gravitation?
The International Monetary Fund has warned that China's debt is approaching "dangerous" levels. The Fund expects China's non-financial sector debt to exceed 290 per cent of GDP by 2022, compared with 235 per cent last year. How long can China's debt binge last? Recent research by economists at the Bank of International Settlements suggests not long.
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