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1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16 1.42165413317347E-16
Stock impact report

China says it's cuttings its debts — here’s how that’s actually working [CNBC]

Churchill Capital Corp V Class A (CCV) 
US:NYSE Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
China intensified its efforts this year to contain risks coming from a long stretch of excessive borrowing, but concerns continued to mount when the country's debt didn't stop climbing. In fact, the country's debt-to-GDP ratio grew from around 180 percent in 2011 to 255.9 percent by the second quarter of 2017, data by the Bank for International Settlements showed. Yet despite that increase, many in the global investing community are saying some concerns are overblown. That is, risks from the world's second-largest economy have subsided as government moves to deleverage are bearing fruit, experts told CNBC. That progress will only continue after President Xi Jinping signaled greater resolve to tackle financial risks during the 19th Communist Party Congress in October, they added. show chapters Everyone tends to focus on the gross amount of debt ... Although China's gross debt numbers are high, the U.S. numbers are higher still, so it Show less Read more
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