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The Chinese economic situation is unsustainable and could lead to a debt crisis, Kevin Caron, senior portfolio manager at Washington Crossing Advisors, told viewers of Real Vision’s Trade Ideas.
Unusually for an emerging market economy, China has 50% of its GDP in investment and only 30% in consumption. “China is in a very weird position because they are not only producing a large amount of investment, but even greater savings that they ultimately have to export abroad,” Caron said.
At the same time, private sector in China is over 200% of GDP in debt, surpassing