China Borrowing Soars to Service Debt

Mainland faces growth threat as some companies are spending more than ever to service debt after their borrowing almost tripled over five years.  Total short and long-term borrowing by 3,895 publicly traded non-financial companies rose to almost USD1.7 trillion from USD604 billion in 2007.

 

Financing costs, including interest, on all form of debt climbed to the highest level as a percefrntage of gross domestic product last year.

 

~ SCMP, January 29, 2013 ~

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