Tripling in Debt to $1.7 Trillion Drags on Economy

Tripling in Debt to $1.7 Trillion Drags on Economy

Tomohiro Ohsumi/Bloomberg

For China's real economy to expand at 8 percent this year, growth in non-loan credit would have to accelerate to 33 percent from 25 percent in 2012 if the credit-to-GDP efficiency remains at last year’s level.