ROTHMAN: CHINA DEBT
CHINA DEBT
One of the indicators China bears cite in their glum assessment of China’s economy is the country’s debt levels. According to a report by global consulting firm McKinsey, China’s debt to GDP has increased nearly four-fold since 2007. At nearly 282% of GDP it now exceeds U.S. levels. Matthews Asia Investment Strategist, Andy Rothman assesses the problem.
Watch the related WEALTHTRACK episode.
