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China’s looming great wall of debt may have ‘major global implications’

While many countries struggled following the 2008 global financial crisis, China appeared as though it had largely escaped unscathed.

  • Tasha Wibawa
  • ABC

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…

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