Gdp Growth: China and Borrowing

gdp growth: That implies about 2.7 trillion in new lending larger than the United Kingdom's GDP. That's not as troubling as it sounds, however, according to The Japan Times. The reality is that China is a big economy, with a substantial stock of existing borrowing and a valid need to borrow more if it's to prevent demand sputtering out. In fact, to keep GDP growth ticking over at 6.5 percent or more, Premier Li Keqiang pledged a 12 percent expansion in credit this year. No one should be surprised China's borrowing needs in 2017 look to be immense. Indeed, it would be more worrying if China suddenly stopped borrowing so much. They'll be even larger in 2018 and bigger still in 2019. (news.financializer.com). As reported in the news.