Comment on China’s Economy Could Soon Face A Massive Debt Crisis
Rentlar@lemmy.ca 1 month ago
Interesting article, and I’ll watch this space but I’m seeing a lot of speculation here.
I would have liked to know where this 350%-400% “hidden debt to GDP ratio” came from. Even if I agree with much of this article’s POV, I’m not just going to believe things that are backed with “Many people are saying it”.
thelucky8@beehaw.org 1 month ago
For example, the Institute of International Finance has long been estimating China’s debt-to-GDP ratio as more than 300 percent (and that was even before the pandemic), and so did many other independent analysts (Fidelity is among them if I am not mistaken). You’ll find ample evidence across the web about this.
Official numbers are not available, and even if they are in some subset categories, they often appear to be not very accurate. But the "350%-400% hidden debt to GDP ratio” estimate is widely considered reasonable from several independent analyses.