China has been penalised with a lower credit rating, but not the advanced economies, which suffer from secular stagnation and have little hope of reducing their debt. Illustration: Craig Stephens

Why is China being penalised for its debt problem, but advanced economies aren’t?

Dan Steinbock says China’s debt-to-GDP ratio is in fact no higher than those of major countries that enjoy a higher credit rating. And unlike these other, more mature economies, China can look forward to years of solid growth

Topic |   China economy

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China has been penalised with a lower credit rating, but not the advanced economies, which suffer from secular stagnation and have little hope of reducing their debt. Illustration: Craig Stephens
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