News Snapshot:
[Stock Market] China’s slowing growth and massive debt threaten stock and bond investors worldwide The uproar surrounding China’s beleaguered [Evergrande Group](//www.cnbc.com/2021/09/17/china-developer-evergrande-debt-crisis-bond-default-and-investor-risks.html) , the world’s most indebted property concern, are distracting from China’s broader debt problem and [slowing economic growth](//www.marketwatch.com/articles/chinas-economy-continues-to-slow-what-that-means-for-investors-51634582213?mod=article_inline) . China’s [overall debt](//www.iif.com/Portals/0/Files/content/Global%20Debt%20Monitor_May2021_vf.pdf) was 270% of its GDP at the end of 2020, up from 247% a year earlier. Foreign debt reached US$2.4 trillion in 2020. Since 2008, Chinese borrowing, mainly by businesses and households, has risen by almost 100% of GDP and accounts for two-thirds of the global debt increase. Evergrande’s outstanding debt of more than $300 billion constitutes...
