As pointed out by Stephen Roach here on Project Syndicate in August, if China’s 2016 GDP growth hits the government’s official 6.7% target– China will account for 1.2% (39%) of the IMF’s estimated 3.1% global GDP growth in 2016. That share massively dwarfs the contribution of other major economies such as .3% from the US, .2% from Europe, .6% from India and less than .1% from Japan. With China stumbling under the largest debt bubble in human history, the world economy will feel the fall out. Watch this video report.
The End of China Inc? As time is running out for China to pay off its bad debts, 101 East investigates if this could be the end of China Inc.