The Yangshan Deep-Water Port in Shanghai. China’s credit-to-GDP ratio is now at about 25 times, according to the IMF. Photo: AFP
The Yangshan Deep-Water Port in Shanghai. China’s credit-to-GDP ratio is now at about 25 times, according to the IMF. Photo: AFP

China must lower GDP expectations and push SOE reform, says S&P Global Ratings economist

China’s debt levels are a problem that needs to be dealt with, Paul Gruenwald tells Hong Kong forum

The Yangshan Deep-Water Port in Shanghai. China’s credit-to-GDP ratio is now at about 25 times, according to the IMF. Photo: AFP
The Yangshan Deep-Water Port in Shanghai. China’s credit-to-GDP ratio is now at about 25 times, according to the IMF. Photo: AFP
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