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Gravitas: Is China staring at a debt crisis?

WION Jul 19, 2019, 11.00 PM (IST)

IIF report says that China's debt-to-GDP ratio has crossed 300%. China's addiction to debt reaches new highs. Beijing is staring at a debt crisis. An IIF report pegs China's debt-to-GDP ration above 300%. The state-run firms are struggling under high corporate debt. The banks could face an NPA crisis. But still, Xi Jinping is encouraging more lending. Palki takes a look at China's soaring debt problem.