Rise in China's debt

As the Chinese Communist Party turns 100, its economy confronts one of its biggest challenges yet: the rise of its debt.

China's debt has grown extremely in the past years getting a push during the pandemic when the health crisis threatened the economy and the authorities wanted to make it easier for companies to get loans.

It now reached nearly 290% of the gross domestic product in the third quarter last year.

But they are not the only ones. The US, Japan, and some Euro locations are seeing the same challenge approaching them.

Read more about China's debt here:

https://www.cnbc.com/2021/06/29/china-economy-charts-show-how-much-debt-has-grown.html