Business · Economy · 8 hrs ago

China’s rising debt burden makes economic stimulus harder

China’s growing debt is making it harder for the government to support the economy with stimulus.

A Conference Board study says debt servicing will take 19.2% of the government’s total this year.

Debt servicing means paying the costs of existing debt.

That leaves less room for the government to direct resources toward economic support.

The figures relate to China and this year.

The study’s finding points to a constraint on the government’s ability to stimulate the economy.

Sources

RBC · 8 hrs ago