CHINA TOPIX

Fitch Reveals That China may Have a '$2 Trillion Black Hole' in its Economy

S. Rina   |

Sep 24, 2016 02:15 PM EDT

International rating agency Fitch has released a report indicating that the Chinese economy may be riddled with toxic loans worth 10 times the official estimates. The report further indicated that resolving the issue may lead to a capital shortfall worth $1.1 to $2.1 trillion, constituting 11 to 20 percent of the Chinese economy. China is currently rated as A+ by Fitch Ratings.