Corporate Debts 107% of GDP

China's total corporate debts were equivalent to 107% of the country's gross domestic product as of the end of 2011, an extremely alarming level, warned Li Yang, deputy director of the Chinese Academy of Social Sciences. It is also the highest level among all the world's economies. A country's corporate debt to GDP ratio is considered dangerous once it reaches 90%, according to standards outlined by the Organisation for Economic Co-operation and Development.