Zero Hedge: As Africa Drowns In Debt To China, IMF Sounds The Alarm
With China's total debt most recently clocking in at a record 300% according to the IIF...
... the country that a decade ago managed to pull the world out of a financial depression thanks to its massive debt issuance, finds itself severely constrained in how much new debt it can dish out, and the result is a now paltry credit impulse...
... which has so far been unable to push China out of its PPI slump, which in turn means that Beijing will continue dumping its exports abroad in a deflationary wave.
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WNU Editor: And the sad part is that if the trend lines continue, Africa will be even more in debt to China in the coming years.
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