Zero China’s Hero: China Heading Towards Zero Interest Rates?

This explosion in China’s credit intensity in the past decade has directly fueled China’s debt engine, the same debt engine that single-handedly pulled the world out of a global depression in 2008/2009. Alas, this will not happen again: China’s public and household debts are at their highest historical levels, respectively at 51% of GDP and 53% of GDP, and the private sector debt service ratio is becoming a burden for many companies, reaching on average 19.7% This records an increase from 13% before the crisis. Overall, China’s debt to GDP is fast approaching an unprecedented 320%!

Read the rest of the article here: https://www.zerohedge.com/crypto/chinese-media-stunner-china-will-be-next-country-cut-rates-zero

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