Fears grow China’s HUGE debt bubble will spark a devastating global CRASH

Monday, April 25, 2016
By Paul Martin

STOCK markets across the world plunged today amid growing fears China’s monstrous debt bubble is about to burst and trigger a devastating financial crisis.

By LANA CLEMENTS
Express.co.uk
Mon, Apr 25, 2016

Britain’s FTSE 100 finished in the red, after stocks in the Asian country fell earlier in the day.

Europe’s top stock markets were also down.

Investors are becoming increasingly nervous the world’s second-largest economy is about to trigger a crash, which could be worse than the stock mayhem witnessed at the start of this year and last August.

China has been taking on yet more debt in what is thought to be a bid to combat its economic slowdown.

The Asian country’s deficits reached 237 per cent of GDP in the first quarter of this year, from 148 per cent at the end of 2007, according to the Financial Times.

New financing has also reached record highs in the first three months of 2016, RBS economists found.

China’s new-build house prices have jumped a massive 30 per cent year on year in parts of the country.

The Rest…HERE

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