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Title : China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.
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China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.

Monique Ross and Amruta Slee, ABC News Online: China has a bigger problem than the trade war — a 'mountain of debt'

It's been a few weeks since Donald Trump fired the opening salvo in a trade war with China, slapping tariffs on a range of Chinese-made goods.

Beijing retaliated with tariffs of its own — and since then, the rhetoric on both sides has been unrepentant.

Much of the focus has been on nervous financial markets, and how the war could affect the fortunes of US farmers and manufacturers — but how do things look from China's side?

Is the trade war the biggest threat to China's economy, or does the country have more pressing problems — like its massive debt?

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WNU Editor: China's trade surpluses with the U.S. were (and are) helpful to Beijing in managing its debt. But the trade war is jeopardizing everything, and China is now facing the very real possibility that the era of massive economic growth that it has experienced for two decades is now coming to an end.

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China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.

China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.

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China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.

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China's Debt Crisis Is A Bigger Problem For Beijing Than Its Trade War With The U.S.

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