In our previous article, we wrote of the credit growth in China. Today, we will show you the size of the total debt in China:

Click on the graph for a full-size image

The Chinese total private debt to GDP ratio is 123% in January 2009. By June 2009, it is 146%. Currently, Australia’s total private debt to GDP ratio is south of 165% of GDP.

No wonder China could achieve such a spectacular ‘recovery!’

Tags: China, debt, GDP

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