Debt will deepen China slowdown, not trigger collapse
The total debt in China's economy has reached levels that have preceded financial crises in other countries
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In this article
- Origins
- Local government borrowing
- Implicit state guarantees
- Falling profits
- Property boom
- Borrowing to pay debts
- Is this time different?
- Asset base
- Property bubble?
- Safer shadow banking
- Limited external vulnerability
- State role
- Slowdown inevitable
- 'Business as usual'
- Policy-induced slowdown
- Countermeasures
- Not enough
- Bailout?
- Ongoing problem
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "Thunder storm over Shanghai (Reuters/Carlos Barria)")