China Has a Massive Debt Problem

China has a $28 trillion problem. That’s the country’s total government, corporate and household debt load as of mid-2014, according to McKinsey & Co. It’s equal to 282 percent of the country’s total annual economic output.

China’s Growth Rate Slowed in the 2nd Quarter

BEIJING — China’s growth slowed in the second quarter, adding to the worries about the ability of the world’s second-largest economy to offset low growth elsewhere.