Stunning: China’s Total Debt Load Equals 282% of GDP

Well, this number is truly stunning - we spotted this stat today -

"Total Debt Equals 282% of GDP: That’s how big China’s total debt load, including borrowing by the government, banks, corporations and households, had gotten by the middle of 2014, the report says. That’s far above the average for developing countries and higher than some advanced economies including Australia, the United States, Germany and Canada."

(Source)