By Tobias Kaiser (Die Welt)
To discover
LIVE – Disturbances, extent of the mobilization: follow the eleventh day of strikes and demonstrations against the pension reform
The economist Carmen Reinhart is considered one of the greatest specialists on the subject of indebtedness.
The work of this Harvard professor and her colleague Kenneth Rogoff has greatly influenced public debate in the context of the euro crisis.
If today it warns against an imbalance in the financial system, it is therefore guaranteed to attract attention.
This time, however, it is not the euro zone, but China.
Reinhart and other researchers have found that 60% of China's overseas credit is now at risk of default, defaults that could put Chinese banks in trouble.
These conclusions, which the newspaper DIE WELT was able to consult in preview, were established by Reinhart and researchers from the World Bank, the Kiel Institut für Weltwirtschaft (IfW) and the research group AidData.
Read alsoEurope also wants its “silk roads”
China does not reveal anything about its credits, but the researchers leave…
This article is for subscribers only.
You have 82% left to discover.
Want to read more?
Unlock all items immediately.
TEST FOR €0.99
Already subscribed?
Login
