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Worlds apart: Debt trajectories in China and the USA
Weekly investor research
06 January 2014
We review the latest debt numbers from China. We calculate the sustainability of China’s debt stock going forward and we
compare the results with US debt dynamics. We show that China and the US are worlds apart when it comes to debt.
We conclude that the market continues to significantly under-estimate risks in developed economies and overstate them
in Emerging Markets.