China’s debt problem is 300% bigger than America’s
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MSNEconomics Explained
China’s debt problem is 300% bigger than America’s
China’s debt situation is often described as one of the largest in the world, but comparisons with the United States depend heavily on how debt is measured. China’s total debt—including government, corporate, and household borrowing—is estimated at over 300% of GDP in some analyses, driven largely by corporate and local government ...
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