Corporate leverage in China rose from 2.4 times equity in 2007 to 3.5 times last year – well above American and European levels. Nearly half of this debt matures within one year, even though much of it is being used to finance multi-year infrastructure projects.
另一个相似之处是债务在公司部门内部积累。2007年，中国公司杠杆为股本的2.4倍，去年为3.5倍，比美国和欧洲水平高得多。这些债务中近一半将在一年内到期，尽管其中有许多被用来为多年期基础设施工程融资。