News Analysis
China’s foreign debt, including U.S. dollar debt, stood at $2.4 trillion at the end of 2020, a 4 percent increase from the previous quarter. The country’s corporate debt, combined with household debt, now exceeds 300 percent of GDP.
Thinking About China
Opinion
China’s Debt Crisis Goes Far Beyond Evergrande
China's real estate sector is the foundation for everything
Workers walk inside the construction site of a project developed by Evergrande Group in Beijing, China on Sept. 22, 2021. Carlos Garcia Rawlins/Reuters
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Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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