The Presidential Daily Brief

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  1. Chinese Debt Tops 250 Percent of GDP

    New figures show that China’s debt to GDP ratio is rising at an alarming rate, prompting fears that its giant economy will overheat. The nation’s debt load reached 251 percent of GDP, compared to 147 percent in 2008. While other countries’ debt ratios exceed China’s — Japan is leading at 415 percent — rapidly accelerating debt in an emerging economy usually ends with financial turmoil. Beijing, which has been on a spending binge in recent years, may need to seek out a more measured path to growth.

    FT (sub), Business Insider

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