FT: China debt tops 250% of national income via ForexLive

An article in the the Financial Times (gated, but can be read with a free registration) on a report from Standard Chartered (out during the Asian timezone yesterday) that:

• total debt-to-gross domestic product ratio reached 251% at the end of June, up from just 147 per cent at the end of 2008, according to a new estimate from Standard Chartered bank

The FT adds:

• Such a rapid build-up is far more of a concern than the absolute level of debt, since increases of that magnitude in such a short period have almost always been followed by financial turmoil in other economies.

More detail at the article

posted via ForexLive