China Tells

China’s Debt Level has increased dramatically since SH of 2008 following the global financial crisis. A horizontal comparison among the peers, however, shows that China’s debt level is modest at an international level. Total debt is about 150% of the GDP, which is at the similar level as Taiwan, Hongkong and Korea. In contrast, Japan’s debt level is way out at 270% of the GDP. China’s debt is mostly concentrated on corporate loan, with ignorable exposure to consumer loan and corporate bonds.

中国债务水平自08年金融危机以来快速上升。但是国际上各个国家几乎全都大举借债以图度过危机。目前横向比较来看，中国的债务水平和香港韩国台湾等地相当，处于GDP的150%左右。相形之下，日本的债务水平要远远高于国际同行。