🇨🇳China’s total non-financial sector debt has surged to ❗❗287% of GDP — far higher than the US (249%), EU (243%), or India (176%). Since 2008, Beijing has added more debt than any other major economy, fueling an investment-led growth model that now faces diminishing returns, property sector stress, and rising servicing costs. While Western economies stabilized their debt ratios post-GFC, China’s trajectory signals increasing financial vulnerability and limits on future stimulus firepower. The world’s second-largest economy is carrying unprecedented leverage.
#ChinaEconomy #DebtSustainability