I’m no economist, but I think the point is that they’re collecting debt at a hig... | Hacker News

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		village-idiot on Sept 9, 2018 \| parent \| context \| favorite \| on: Beijing’s Three Options: Unemployment, Debt, or We... I’m no economist, but I think the point is that they’re collecting debt at a high rate too. If they continue to grow faster than that debt, all is well. Once their growth starts to revert to the G20 mean, they’ll need to change their strategies dramatically. But I’m not an economist.

RachelF on Sept 10, 2018 [–]

Yes, the debt needs to be used productively. Otherwise you borrow to build things that do not generate enough return to pay back the debt.

You also inflate asset bubbles, some Chinese property is as expensive as Silicon Valley or NYC, per square foot.

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