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[number or issue] és un butlletí de (2009-)| Títol : | No. 15 - Dic. 2014 - China’s debt problem : How worrisome and how to deal with it? | | Tipus de document : | text imprès | | Autors : | Alicia García Herrero, Autor ; Xia Le, Autor | | Data de publicació : | 2014 | | Nombre de pàgines : | 9 p. | | ll. : | il. col., gràf. | | Dimensions : | 30 cm | | Nota general : | També disponible en versió electrònica
Inclou bibliografia | | Idioma : | Anglès (eng) | | Matèries : | Deute públic -- Xina
| | Classificació : | 533(510) Deute públic-Xina | | Resum : | This paper investigates China’s debt problem in various perspectives. We find that the reason that China has been getting into a debt problem was mainly due to the huge stimulus package and lax monetary policy during the 2008-2009 global financial crisis. We then estimate that China’s total nonfinancial sector debt amounted to 235.1% of GDP, a high level relative to other emerging markets, among which public sector debt was 53.2% of GDP while private sector debt amounted to 181.9% of GDP. The debt problem may exacerbate banks’ asset quality and weigh on growth rate. To solve the debt problem, we propose that the authorities should press ahead with structural reforms and financial liberalization while local governments can privatize their controlled SOE assets to raise funds for debt repayment. | | Enllaç al recurs electrònic : | http://www.iefweb.org/ca/divulgacio-financera/observatori-divulgacio-financera/d [...] | | Format del recurs electrònic : | Accés lliure | | Permalink : | https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=bulletin_display&id |
[number or issue] és un butlletí de (2009-)No. 15 - Dic. 2014 - China’s debt problem : How worrisome and how to deal with it? [text imprès] / Alicia García Herrero, Autor ; Xia Le, Autor . - 2014 . - 9 p. : il. col., gràf. ; 30 cm. També disponible en versió electrònica
Inclou bibliografia Idioma : Anglès ( eng) | Matèries : | Deute públic -- Xina
| | Classificació : | 533(510) Deute públic-Xina | | Resum : | This paper investigates China’s debt problem in various perspectives. We find that the reason that China has been getting into a debt problem was mainly due to the huge stimulus package and lax monetary policy during the 2008-2009 global financial crisis. We then estimate that China’s total nonfinancial sector debt amounted to 235.1% of GDP, a high level relative to other emerging markets, among which public sector debt was 53.2% of GDP while private sector debt amounted to 181.9% of GDP. The debt problem may exacerbate banks’ asset quality and weigh on growth rate. To solve the debt problem, we propose that the authorities should press ahead with structural reforms and financial liberalization while local governments can privatize their controlled SOE assets to raise funds for debt repayment. | | Enllaç al recurs electrònic : | http://www.iefweb.org/ca/divulgacio-financera/observatori-divulgacio-financera/d [...] | | Format del recurs electrònic : | Accés lliure | | Permalink : | https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=bulletin_display&id |
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