While some observers see China on the edge of a financial crisis, others are more relaxed and trust that the Chinese government has still enough options to handle the challenges. Show more - Description Published by C. Textor, Dec 7, 2023...
In April, Fitch cut its outlook on China's sovereign credit rating to negative, citing risks to the country's public finances as the economy faces increasing uncertainty. The rating agency predicted China's general government debt could surge to 61.3% of GDP this year, from 56.1% in...
What is the outlook for local government debt in 2023? Does China’s rising debt indicate a potential crisis in the years to come? How do we evaluate China’s debt sustainability in comparison to other major economies? What is the sustainable...
China is capable of preempting systemic fiscal risks, said Liu Kun. "We have already urged relevant local authorities to take primary responsibility and effectively defuse government debt risks to ensure that no systemic risks arise," he said.The Ministry of Finance said in a document on January...
The evidence strongly suggests that a combined interest rate, economic and currency crisis for the US and its western alliance will continue in 2023.This article focuses on credit, its constraints, and why quantitative easing has already crowded out priv
The property crisis has weighed on consumer and business activity, exposing China's overreliance on external markets and government-led, debt-driven investment in infrastructure and manufacturing. Low wages, high youth unemployment and a feeble social safety net me...
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in the context of achieving high-quality development in China, examining the impact of LGD, especially the city investment bonds established by local investment and financing platforms, on the efficiency of regional green development will further supplement the research on the impact of LGD on GDE....
Therefore, considering the inherent vulnerability of the elderly, it is important to explore the impact of household debt on the health of the elderly in China. Besides the different impacts of household debt, there are different views about the transmission mechanisms. The first potential mechanism...
China is one of the United States's largest creditors, owning about $859.4 billion in U.S. debt. It doesn't own the most U.S. debt of any foreign country, however. Nations borrowing from each other may be as old as the concept of money.Foreign debtprovides the opportunity for countrie...