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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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.