Containers and trucks are seen on a snowy day at an automated container terminal in Qingdao port, Shandong province, China. Photo: Reuters

China’s unsustainable debt levels may trigger large-scale corporate defaults, OECD warns

  • Corporate debt in China stood at 155 per cent of gross domestic product at the end of second quarter of 2018, much higher than other major economies
  • In effort to contain the effects of US-China trade war, government has put deleveraging campaign on hold
Topic |   China economy

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Containers and trucks are seen on a snowy day at an automated container terminal in Qingdao port, Shandong province, China. Photo: Reuters
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