China’s debt to GDP ratio has climbed to a record high

“While China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace. Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008. Bo Zhuang, a China economist at London research firm Trusted Sources says "It's quite an alarming issue. The government is trying very hard to slow down the pace of the leveraging up, but they are not deleveraging. The debt-to-GDP ratio will continue to go up." Original article: (VIEW LINK)