1. China's Debt Dilemma: Deleveraging While Generating Growth
- Author:
- Yukon Huang and Canyon Bosler
- Publication Date:
- 09-2014
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Much of the media coverage of China's economy suggests that the country is headed for a financial crisis. China's mountain of debt is decried, local government finances are labeled menacing, and a property bubble is called disastrous. But this picture is misleading. While China has serious debt problems, with prudent macroeconomic policies and productivity-enhancing structural reforms, the challenges should be manageable if underlying fiscal issues and growth-related reforms are addressed.
- Topic:
- Debt, Economics, and Reform
- Political Geography:
- China and East Asia