China Fights Its Doom Loop | Leland Miller on Mammoth Stimulus From People's Bank of China
Monetary Matters with Jack Farley
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Challenges in Chinese Credit Markets
This chapter examines the rising delinquencies and a decline in China's M1 monetary aggregate, highlighting the gloomy outlook for consumers and investors. It discusses various stimulus packages introduced by the government in response, while questioning their long-term effectiveness on the economy. Moreover, it addresses the precarious state of the real estate sector and the systematic risks posed by non-performing loans, ultimately raising concerns about the sustainability of China's economic growth.
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