China : A bubble ready to burst

Just finished a report of Bloomberg. It literally made me shocked. How its possible?
 from London’s Centre for Economic Policy Research. As of 2013, total private and government debt, excluding that of financial institutions, stood at 217 percent of gross domestic product, up from only 147 percent in 2008.
Largest bank in China. Peoples bank of China. They just asked a big bailout package. How big? 25% of Indian economy. In simple word, they are far bigger then Greece. Greece is 0.25% of global economy. China is worlds growth engine.



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