Financial wizardry alone won't stave off a Chinese debt crisis
- Written by Kathleen Walsh, Associate Professor of Finance, Australian National University
China is trying to fix its debt woes with financial hocus pocus.Shutterstock.comChina’s debt is beyond worrying. It’s credit-to-GDP gap, a measure employed by the Bank of International Settlements (BIS) as a way to gauge debt levels, stands at 30%. This is the highest of any country going back to 1995 and is three times the threshold...
Read more: Financial wizardry alone won't stave off a Chinese debt crisis

