While the Chinese economy slows, China’s debt continues to pile up. This year, the Chinese government is expected to see its largest budget deficit since the global crisis. But it’s not just public debt– private debt has skyrocketed too.
While the Chinese economy slows, China’s debt continues to pile up. This year, the Chinese government is expected to see its largest budget deficit since the global crisis. But it’s not just public debt– private debt has skyrocketed too.