By ANI
From the article:
Despite an ever growing debt, China's economy has been steadily expanding in size and strength. The question is, for how much longer?
According to a report, titled 'R.I.P Chinese Exceptionalism?' published in Project Syndicate, authored by former chief economic advisor to the Indian Government- Arvind Subramanian, and Director of JH Consulting- Josh Felman, China's growing economy has, over the years, disobeyed a range of economic laws. One of them is the Stein's Law, according to which, something which cannot go on forever, will, eventually, come to a stop. China's debt accumulation, however, does not seem to be slowing down.
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Statistics from the Center for Global Development has indicated dangerous levels of debt build ups in as many as eight countries because of Chinese efforts. Malaysia has had to cancel $22 billion worth of Chinese projects, while Sri Lanka had to resort to the IMF for financial bailout. Pakistan may soon be another one of China's victims.
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