China’s Debt Binge
A surge in loans by trust companies, which cater to riskier borrowers such as local government investment vehicles, adds to concern about the country’s financial industry.
5X
Surge in lending by trust companies in first 11 months of 2012 versus all of 2011
¥1.07 trillion ($172 billion)
Total loaned in first 11 months of 2012 by trust companies
206%
Government, corporate and consumer debt as a percentage of GDP, up from 150% a decade ago (p 16, Bloomberg Markets, March 2013)
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