Others would likely step in to service the market if the Chinese suddenly decided to call in all the federal government's obligations and this isn't possible because of the maturities of debt securities. This includes the Federal Reserve which already owns six times as much debt as China.94 ...
Much of the rest of the debt is owned by individual investors, corporations and other public entities. This includes everyone from retirees who purchase individual U.S. Treasurys to the Chinese government. China spent the last months of 2016 selling debt and calling in loans, decreasing its tot...
China has one of the highest savings rates in the world, so borrowers borrow from banks, who have huge savings pools to fund debt issuance. That's a crucial difference with what happened in the Asia Crisis of 1997 and 1998, where much domestic borrowing was funded...
Reports that the Fourth Session of the Ninth National People's Congress has passed a resolution to issue 100 billion yuan in national debt to expand infrastructure construction. Plans drawn by the State Development Planning Commission (SDPC); Six sectors that will benefit from the funds....
Inside the engine-room of China's economic growth--the China Development Bank§Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)--which has displaced the World Bank as the world's biggest development bank, lending billions...
Local governments in China have used a large amount of funds from individual accounts to finance deficits in the pay-as-you-go social pooling account, resulting in explicit social security debt. It is undoubtedly useful to know how large the debt is and how it will evolve in the future. Th...
While much of China's total steel production is domestically consumed, they are also the world's largest exporter of steel. In 2023, China exported 94.5 million tons of steel, far exceeding steel exports in the previous three years.4
financial stability is of the greatest concern because of corporate debt overhang. in this piece, assets of 18 china banks (chix), which comprise about 63% of the total china banking system assets (almost 125 trillion renminbi of the total 199 trillion), are examined. for some, the latest ...
The integration of the state pension system into the government accounts gave the central government access to a large amount of savings, much of which was stored in government bonds. The government used some of this fund to pay off part of the national debt. It also sold off state-owned ...
Nobel economics laureate Michael Spence says that the recent increase in international deliberation on China’s debt unsustainability is normal, for too much debt would seriously impact the national economy, rendering it weak. For instance, the McKinsey Global Institute released a report on the post-...