Chinese banks supplied the highest monthly volume of loans for 2017 in November, despite Beijing’s ongoing deleveraging campaign and efforts to contain credit expansion.
In the wake of concerns that its new asset management guidelines could imperil financial stability, the China Banking Regulatory Commission has announced that it will give further consideration to the impact of the regulations prior to implementation.
Beijing has criticised the International Monetary Fund’s latest assessment of China’s economic and financial health, claiming that it fails to accurately reflect the true condition of the country’s banking system.
The Chinese government’s pursuit of overambitious growth targets – especially at the regional level- is driving excessive growth in debt and compromising the stability of the financial system according to a new report from the International Monetary Fund.
The debt burden of Chinese “zombie” enterprises accounts for a smaller share of total corporate debt than previously expected, according to a new study from the International Monetary Fund.
Standard & Poor’s chief Asia Pacific economist says that China’s current levels of debt expansion are too high, and need to be dialled down if Beijing hopes to achieve sustainable growth.
A new Reuters analysis claims that Beijing’s much-vaunted deleveraging campaign is doing little to contain rapid growth in the country’s debt levels.
Beijing is accelerating plans to launch a “national accounts” (国家账本) system that will provide an official tally of the country’s assets and liabilities.
Bloomberg analysts expect China’s debt-GDP ratio to surge over the next five years, exacerbating the risk of a financial crisis.
Beijing’s plan to contain credit expansion in the world’s second largest economy will be the chief uncertainty for the global economy in 2018 says Andrew Tilton, chief Asia-pacific economist for Goldman Sachs.