OpinionThinking About China

Beijing Keeps Banks and Provinces Solvent

Save
Beijing Keeps Banks and Provinces Solvent
A man walks past a booth of the Bank of China at the Main Press Center of the 2022 Winter Olympics in Beijing on Jan. 28, 2022. Fabrice Coffrini/AFP via Getty Images
Christopher Balding
Updated:
0:00
Commentary

Beijing is doing a lot of work to keep banks and provinces solvent. Despite the official assurances about the strength of the Chinese economy and robust 5 percent growth, the actions taken reveal a worried central government about the financial and political risks from years of debt buildup.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
Related Topics