Free Republic

China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks Silvia Amaro Wednesday, 28 Jun 2017 Global debt has hit a record level in the first quarter of this year, mainly driven by emerging markets, raising questions of whether there will be another financial crisis in the near future. Data from the Institute of International Finance showed that global debt reached $217 trillion in the first quarter of this year, or 327 percent of gross domestic product. "The debt burden is not distributed evenly. Some countries/sectors have seen deleveraging while others have built up very...