Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

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<strong>Shadow banking risks renewed: </strong>CLSA estimates shadow financing in China grew to RMB54tr (USD8.1tr), or 79% of GDP, by the end of 2015 and potential losses from the sector could amount to 3.7% of GDP. This comes on top of potential losses from Chinese banks’ non-performing loans, which CLSA estimates at 10%.</li>
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<strong>Second-tier city home prices rising at alarming rates: </strong>Average new home prices in China’s top 70 cities climbed 9.2% y/y in Aug 16, up from 7.9% in Jul 16. Of the 70 cities, 64 saw year-on-year…</li>
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Shadow banking risks renewed: CLSA estimates shadow financing in China grew to RMB54tr (USD8.1tr), or 79% of GDP, by the end of 2015 and potential losses from the sector could amount to 3.7% of GDP. This comes on top of potential losses from Chinese banks’ non-performing loans, which CLSA estimates at 10%.

Second-tier city home prices rising at alarming rates: Average new home prices in China’s top 70 cities climbed 9.2% y/y in Aug 16, up from 7.9% in Jul 16. Of the 70 cities, 64 saw year-on-year…


China: Short-Term Growth at the Expense of Longer-Term Stability