Forget U.S. debt, China’s total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says

(Credit: Vincent Thian / POOL / AFP via Getty Images)

As President Donald Trump gets set to meet Chinese counterpart Xi Jinping this week, China’s technological prowess will be on display. But its state-led growth model has been slowing—and a rapidly expanding mountain of debt is a warning sign.

In fact, while the recent explosion in U.S. federal debt has raised numerous red flags, a broader measure of indebtedness across the public and private sectors shows borrowing as a share of GDP is actually down since 2010.