Chinese Credit Bubble About To Burst?

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Ken Rogoff, former Chief Economist of the International Monetary Fund, told the BBC that the greatest threat to the global economy is a slowdown of Chinese growth.

It was announced in mid-September, 2016 by the Bank of International Settlements, that the foundation of China’s economic boom is an unstable credit bubble, as its GDP ‘gap stands at 30.1%.

The delay in completion of Infrastructure and highly underdeveloped areas are also a cause for concern to the global economy, as high debts and high spending have created one of the largest credit bubbles in history, and economists warn that in China goes under, much of the developed world goes down with it.

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