CRI听力:China's Debt Soars to 250 Pct of GDP

Standard Chartered now estimates China's total debt has soared to two and a half times its economic growth as of the end of last time.

The bank says China's total financial obligations have surged to over 250 percent of gross domestic product.

This is up from the 150 percent of GDP registered at the end of 2008.

In the last six months, Standard Chartered says China's debt-to-GDP ratio has grown by 17 percent.

By comparison, the United States debt-to-GDP ratio sits at around 260 percent, while Britain's ratio is around about 275 percent.

Japan has the highest debt-to-GDP ratio among industrialized countries at over 400 percent.

For more on this, we are joined live on the line by CRI's financial commentator Cao Can.