Decentralized Debts Present Big Problems for China

Decentralized Debts Present Big Problems for China
Paramilitary policemen patrol in front of the People's Bank of China, the central bank of China, in Beijing on Jul. 8, 2015. Greg Baker/AFP via Getty Images
|Updated:
0:00
Commentary

As China faces increasing debt pressures from years of excessive borrowing by consumers, state-owned companies, and local governments to meet central government growth targets, the regime in Beijing faces a conundrum of addressing these debt levels with minimal tools.

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