China’s $18 Trillion Ticking Time Bomb Threatens ‘V-Shaped’ Boom | China Economy Collapse

China’s $18 Trillion Ticking Time Bomb Threatens ‘V-Shaped’ Boom | China Economy Collapse

China’s $18 Trillion Ticking Time Bomb Threatens ‘V-Shaped’ Boom | China Economy Collapse

China is putting some big numbers on the economic scoreboard. Though President Xi Jinping set a goal of 6% growth this year, many, including the International Monetary Fund, think 8% is more like it. Yet even as China teases a “V-shaped” recovery, these aren’t the figures that matter most. Those are: 1.3 trillion and 18 trillion. The first is how much, in U.S. dollar terms, Chinese corporate debt is due over the next 12 months. The second is the size, also in dollar terms, of a mainland government bond market hanging in the balance.