Chinese companies, many in construction and real estate, have added a staggering US$15 trillion in debt since 2007. Photo: Reuters 
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Is China’s credit boom going to trigger a global financial crisis? Don’t bet on it

Nicholas Spiro says there is no real cause to worry that China’s credit boom will end badly for the global economy. As a one-party system with huge resources, the country is well placed to navigate whatever turbulence comes its way

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Chinese companies, many in construction and real estate, have added a staggering US$15 trillion in debt since 2007. Photo: Reuters 
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