China Debt Level Rising: Some Economists Predict Repeat of 2008
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Flashpoints /
26 Apr 2016
According to this article the Chinese economy is 25 trillion dollars in debt. The Chinese debt levels rose from 148% of GDP in 2008 to 237% of GDP today. Most of South East Asia, Africa and Latin American economies are dependent on China.
Read in World Socialist Website
Image by chinaworker.info
About The Author
Barbara
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.