According to the prominent investor, George Soros, we as members of the global community should be exceedingly concerned about China’s growing debt. China, which has the world’s second-largest economy after the United States’, possesses a key role in generating global growth. If China were to enter a yearlong slump similar to Japans’, all nations would be largely affected. China’s debt is already beginning to hamper progress in its economy. China’s banks have increased their lending in order to try to stimulate the economy, but the actual rate of growth has not picked up. While many economists still debate whether or not China’s economy is heading for a crash, they all can agree that Beijing policy-makers must limit the increase in debt in order to not only protect China, but the rest of the world as well.

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