China’s debt crisis is fallout of financial suppression of households
New Delhi, Aug 28 (IANS) China’s debt has surged over the past ten to fifteen years at perhaps the fastest pace in history, leaving China with one of the highest debt-to-GDP ratios in the world—second only to Japan among the major economies. Such sharp increases in debt make further growth unsustainable, according to an article published by the Carnegie Endowment for International Peace.