The BIS said China’s credit-to-gross-domestic-product gap stood at 30.1%, the highest of any country since data was collected in 1995.

The measure describes how fast credit has been growing in a country, and it is an early warning signal for financial crises. It displays the difference between a country’s debt-to-GDP ratio and the long-term trend. The BIS said anything above 10% needed attention.

Source: Chinese debt is on an ‘unsustainable path’ | Business Insider India

(Visited 80 times, 1 visits today)

0