While many countries struggled following the 2008 global financial crisis, China appeared as though it had largely escaped unscathed.
- Tasha Wibawa
But observers are becoming increasingly concerned Beijing will struggle to repay an ever-increasing mountain of debt, with potential detrimental consequences for the global market.
China’s debt has been a key factor to its economic success in riding out the GFC, due to a large government stimulus injected into its economy.
However, the financial boost has mostly led to China having one of the highest corporate debts in the world, only second to the…