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China debt overhang leads to rising share of ‘zombie’ firms


Abstract: China’s private sector debt ballooned from 2008 through 2016, among the largest and most sustained such increases historically. Notably, this Chinese credit growth was financed entirely from domestic savings, unlike many other examples of rapid credit expansion elsewhere.

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2025/1223
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2025-12-23