China’s Continuing Credit Boom - Liberty Street Economics
Debt in China has increased dramatically in recent years, accounting for roughly one-half of all new credit created globally since 2005.| Liberty Street Economics
Debt in China has increased dramatically in recent years, accounting for roughly one-half of all new credit created globally since 2005.| Liberty Street Economics
After making progress slowing the pace of debt accumulation prior to the pandemic, China saw its debt levels surge in 2020 as the government responded to the severe economic slowdown with credit-led stimulus. With China currently in the midst of another sharp decline in economic activity due to its property slump and zero-COVID strategy, Chinese authorities have responded again by pushing out credit to soften the downturn despite already high levels of debt on corporate, household, and gove...| Liberty Street Economics
