Earlier this week, the Bank for International Settlements (BIS) warned about the levels of debt reached in China, considering it a potential risk (one more, I would add) for the global economy. Considering medium- and long-term growth prospects, it valued it at three times above “out of danger” levels. What is the level of accumulated debt in China? The BIS itself estimates it at 255% of GDP. Incidentally, this is below the 271% estimated for the Eurozone, the 266% calculated for the United Kingdom, and the 394% in the case of Japan.
Read the spokesperson’s article in ABC
