According to the Institute of International Finance (IIF), China's debt to GDP Ratio is now over 300% at 303%!!
China's debt tops 300% of GDP, now 15% of global total - IIF https://finance.yahoo.com/news/chinas...
2018 Bank of International Settlement (BIS) Report: Hong Kong, China bank sectors vulnerable to crisis https://www.scmp.com/business/banking...
Beijing Lets One Slip: Obscure Data Suggests China Housing Bubble Has Burst https://www.zerohedge.com/news/2019-0...
Also, according to China expert, Emma Muhleman, China Minsheng Investment group defaults on $500mm worth of external debt, a first of its kind and another symptom of the cracks (gaping holes) in China's financial system. Foreign Investors (and foreign investors in China / Global bond funds beware).
China Has Been Covertly Funding A Housing Bubble Five Times China has had 65 million (or more) empty homes since 2010? Larger Than That Of The US: 65 Million Vacant Homes Uncovered https://www.zerohedge.com/article/chi...
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.