RBA shows the Risks of Debt implosion in China

ArticleDebt crisis May 28, 2018 - 3:45:02 AM

Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.

During a conference about the breadth and depth of the Chinese-Australian relationship, Lowe also highlighted that a stable China is very imortant to Australia’s future prosperity.

Lowe said that in its attempts to expand domestic demand following the global financial crisis, China’s total non-financial sector debt has significantly rosed since 2009...

Source: businessinsider.com

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