China’s $13 trillion economy, second in size only to the U.S., accounts for almost a third of global growth each year, which makes it a vital driver of job creation and improved living standards. If China’s current slowdown were to accelerate, the ripple effects could squelch the global recovery. But China’s economy is loaded up on debt and its ability to service repayments depends on rapid growth to generate the profits and tax revenues needed. The bigger that debt pile becomes, the bigger the impact on global growth should it all go sour. Why is China growth slowing?

Source: Washington Post March 05, 2019 06:11 UTC