China's ballooning corporate debt a key tail risk for global credit – S&P

HONG KONG (Reuters) – Chinese companies will consume nearly two-thirds of new credit raised globally by 2020 as the world’s second-largest economy leans on the corporate sector to support growth, said a report from S&P Global published on Thursday.
The report highlighted China’s opaque and ever-expanding corporate sector and rapidly rising U.S. leveraged finance as key tail risks for global credit, with outstanding debt forecast to expand by half to $75 trillion (£56.