The debt supercycle that hit the U.S. and Europe has now come for China

The 2008 monetary disaster within the United States kicked off a debt supercycle, which unfold to Europe in 2010 and has not too long ago engulfed most of the world’s low-income and decrease middle-income international locations. Could the debt woes of Country Garden, the behemoth Chinese real-estate developer now dealing with billions of {dollars} in losses, augur the cycle’s subsequent flip?

The reply stays unclear. While the Chinese authorities have a exceptional observe file on the subject of containing financial crises, the challenges posed by a major development…