Financial wizardry alone won't stave off a Chinese debt crisis
- Written by Kathleen Walsh, Associate Professor of Finance, Australian National University

China’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...
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