E-book: China’s mounting debt problem
By Peter Thal Larsen
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
The country’s economic rise is built on cheap finance. But with debt nearing 200 percent of GDP and much investment wasted, the foundations are looking shaky. “The East is Red” examines the origins of the boom, the current strains, and the painful choices China now faces.