🇨🇳 🇨🇳 5% Growth Is A Fantasy: China’s pace of debt accumulation is very problematic. Public debt has more than doubled since the Great Financial Crisis and is heading to above 100% of GDP. Total debt has ballooned from 133% in 2008 to 272%(!) in 2022. It will have risen again in 2023. The current 10-year Chinese bond #yield is at 2.29%, which is extremely low for a country that expects to grow by 5% annually
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