China: Central Government a Credible Economic Backstop, but Politics Is the Crux

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.

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Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>People’s Bank of China Governor Zhou Xiaochuan and Vice-Premier Zhang Gaoli expressed worries over China’s excessive debt, which totals 250% of GDP, 160 percentage points of which represent corporate debt. Both called for systemic changes, indicating that policymakers are cognisant of the risks and are confident of mitigating these risks. However, these risks are indeed rising and do pose a threat to macroeconomic stability:</li>
<li>Recent studies show how financial stresses are likely to deepen. One…</li>
</ul>


People’s Bank of China Governor Zhou Xiaochuan and Vice-Premier Zhang Gaoli expressed worries over China’s excessive debt, which totals 250% of GDP, 160 percentage points of which represent corporate debt. Both called for systemic changes, indicating that policymakers are cognisant of the risks and are confident of mitigating these risks. However, these risks are indeed rising and do pose a threat to macroeconomic stability:
Recent studies show how financial stresses are likely to deepen. One…


China: Struggling Amid Rising Debt