CNN Fareed Zakaria GPS April 7, 2013 14:39:00
They're going to grow somewhat slower. >> yes. listen, i've been a huge fan of what china has achieved. it is absolutely unparalleled. but here is my concern about china. in their desire to keep growing at what is a relatively fast growth rate, they are creating far too much debt to do so. just one simple statistic here. until about 2007 it took roughly $1 a debt to generate $1 of growth in china. last five years, it's taken more than $3 of debt to generate $1 off growth in china. >> people don't think of china as indebted. they think of it as a huge foreign exchange reserves and the country d...