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

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

Published: 8:00am, 18 Mar, 2019

Updated: 11:14am, 18 Mar, 2019

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