the "Final Solution" of Chinese Debt Problem: a Grand Sell-off of State-Owned Assets
In the recent years, business news outlets and analyses websites have been keen to present the rapidly increases Chinese debt pile as one of the biggest risks facing the global economy today. The numbers are certainly scary. The debt levels, less than 80% of the GDP less than a decade ago, recently surpassed 300% on official estimates. The numbers would be much higher if grassroots level "shadow banking" of informal community loans are accounted for. Given the size of the Chinese economy, the amount China owes as a collective is definitely not a small number.