Little Red Podcast

China’s Debt Bubble1 min read

The Biggest Ponzi Scheme The World Has Ever Seen?

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China’s recent impressive economic growth has been built largely on massive debt. According to some estimates, in just over a decade China has managed to rack up debt in excess of 300% of its GDP, effectively placing a ticking time-bomb under the world economy. Is China heading for a financial crisis, and if so when? In this episode, Graeme and Louisa are joined by Dinny MacMahon, the author of China’s Great Wall of Debt, and Tim Murray, co-founder of J Capital Research, who make predictions about China’s financial future and explain how Beijing’s strategy may be driving a stealthy renationalization of the Chinese economy. 

 

This essay is a companion piece to this week’s episode of the award-winning Little Red Podcast, hosted by Graeme Smith aNd Louisa Lim.

Louisa Lim

Louisa Lim is an award-winning journalist who has reported from China for a decade, most recently for National Public Radio. Previously she was the BBC's Beijing Correspondent.