The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: ggersh who wrote (437)	8/15/2017 11:37:28 PM
From: elmatador	Read Replies (2) of 13775

IMF warns China over ‘dangerous’ levels of debt Beijing reluctant to rein in borrowing as it pursues growth ... The Chinese government, which pledged to double the size of the economy between 2010 and 2020, has tolerated a rapid run-up in debt in order to meet its target. “The [Chinese] authorities will do what it takes to attain the 2020 GDP target,” the IMF said. As a result, the IMF now expects China’s non-financial sector debt to exceed 290 per cent of GDP by 2022, compared with 235 per cent last year. The fund had previously estimated that debt levels would stabilise at 270 per cent of GDP over the next five years. ... In the aftermath of the global financial crisis, Chinese authorities unleashed a lending spree that more than quadrupled total debt to $28tn at the end of 2016 . ... The fund was also critical of state-owned enterprise reform, noting that large swaths of the economy remain off-limits to private sector companies that nonetheless account for more than 80 per cent of employment and 50 per cent of tax revenues. https://www.ft.com/content/4ca05a5a-81a3-11e7-a4ce-15b2513cb3ff

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