The China story lent great hope and exuberance to global markets 2002 to 2008. Many talking heads tried to revive it after the great recession on talk of how the Chinese government and central bank would not tolerate a slow down. If only it were that simple. Toxic levels of debt have been added over the past 5 years trying to force growth. Now that debt is having a predictable weight on the Chinese economy and global growth. See this excellent summary graphic for a big picture view. Debt giveth and then debt taketh away.
Cory’s Chart Corner
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