Читать книгу The Emerging Markets Handbook - Pran Tiku - Страница 98

Data: Bloomberg

As of September 2012, China’s external debt stood at $771 billion, down from $785 billion in June 2012. In spite of the down trend highlighted by these figures, China’s foreign debt has been steadily increasing over the last few years.

The new generation of Chinese leaders that took over in 2012 is now shifting focus from reliance on exports and big infrastructure projects to increasing social spending in areas like healthcare. The intent is to free up money for households to increase their spending. Traditionally the Chinese consumer has saved more and consumed less. According to the FT, Chinese consumption makes up only 48% of its GDP, much lower than the worldwide rate of 80% and ironically lower than its own level of 60% about 20 years ago.