At 205 per cent, China’s credit-to-GDP ratio is one of the world’s highest, but that’s no reason for alarm. Photo: Reuters

China’s looming debt crisis is no cause for alarm, says PBOC expert

Joe Zhang says while some analysts cite China’s credit-to-GDP ratio as the main reason for an impending disaster, a number of economies with high ratios have defied the doomsday forecasts for decades

Topic |   China economy

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At 205 per cent, China’s credit-to-GDP ratio is one of the world’s highest, but that’s no reason for alarm. Photo: Reuters
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