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Above is an interesting segment on China’s debt time bomb, aired on ABC’s The Business last night, which also threatens the Australian economy.
And to put China’s debt build-up into perspective, here’s a summary chart using data from the Bank for International Settlements:
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Note the explosion in Chinese non-financial sector debt over the past decade.
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.