Laurence D Fink's BlackRock, who oversees the world’s largest money manager with $4.7tn of client assets, has joined others in warning that we should all be concerned about China's mounting debt pile. While he says he is still bullish regarding the long-term prospects of China, current slowing growth and increasing debt are large threats to the outlook. As we previously noted, George Soros warned that the country's debt-fueled economy was beginning to resemble the US in 2007 and 2008.
BlackRock's Laurence D Fink, who oversees the world’s largest money manager with $4.7tn of client assets, has joined others in warning that we should all be concerned about China's mounting debt pile. While he says he is still bullish regarding the long-term prospects of China, current slowing growth and increasing debt are large threats to the outlook. As we previously noted, George Soros warned that the country's debt-fueled economy was beginning to resemble the US in 2007 and 2008.