China's Debt Mountain
Ed Butler reports from China on the problems caused by increasing amounts of debt for both Chinese people and their government
China's economy is still growing at a respectable rate - but how long can that last? Ed Butler reports from China on the problems caused by increasing amounts of debt. Ed hears from students taking on debt they don't understand and finds out about the extent of Shanghai's property bubble. He is joined back in the studio by a panel of experts on China to ask whether high levels of debt could sink the country's booming economy.
Contributors: Linda Yueh, Adjunct Professor of Economics at London Business School and Fellow in Economics at St Edmund Hall, Oxford University;
Steve Tsang, Director of SOAS China Institute;
Geoffrey Yu, Head of UK Investment Office at UBS Wealth Management.
(Picture: People visit a shopping mall complex in Shenyang, Liaoning province, as the authorities seek to revive the recession-hit industrial region. Credit: AFP/Getty images)