An employee carries bundles of 100 yuan Chinese bank notes to store after counting at a bank in China as countries load up on both cheap money and debt in an era of near or below zero interest rates. Photo: Reuters
Richard Harris
Opinion

Opinion

Macroscope by Richard Harris

Stoned like an addict in an ocean of cheap money and debt

China’s debt has quadrupled since 2007 to 217 per cent GDP...with much lent by shadow-banking on real estate, infrastructure and wealth management products

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An employee carries bundles of 100 yuan Chinese bank notes to store after counting at a bank in China as countries load up on both cheap money and debt in an era of near or below zero interest rates. Photo: Reuters
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