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China Bigger Than U.S. With $14 Trillion in Company Debt

Chinese companies borrow more than their American counterparts as the world’s second-largest economy takes center stage in corporate-debt markets.

Borrowers from China had $14.2 trillion in debt at the end of last year, exceeding every other country including the U.S., which had $13.1 trillion in company obligations, according to a report dated June 15 by Standard & Poor’s. Needs of Chinese issuers will increase to $20 trillion through the end of 2018, a third of the $60 trillion in global funding needs.