To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Global recession prophets have misread the US and Chinese economies

  • Relax everyone, that looming financial apocalypse just isn’t going to happen. Well, not in 2019 at least

Tom Holland
Tom Holland

Updated: 11:14am, 18 Mar, 2019

Why you can trust SCMP
To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years