China takes the corporate debt crown

China now has more outstanding corporate debt than any other country in the world. The global debt market is more exposed than ever to the opaque Chinese shadow banking sector.

China likes to be the biggest at everything; it has the world’s largest population, soon-to-be the largest economy, the biggest dam, the largest army, and so on. It has just added a new title to its long list of crowns -- the largest corporate debt. 

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