FT Transact

China’s corporate debt addiction: bond defaults spell trouble

Unprecedented bond defaults have economists worried about the levels of Chinese debt. If the borrowing binge ends, it could hobble economic growth in the region for years. But it is not just China that is at risk. James Kynge, emerging markets editor, tells us why China’s addiction to cheap credit could shake the global economy.

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FT Transact

FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


FT Transact is a video channel turning the spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. The channel alternates between independent reporting from FT journalists and expert commentary from UBS.