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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
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 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.
