China’s Recent Deleveraging: A Panacea for Its Financial Ills?

Sarah Chan

East Asian Policy (EAP), 2018, vol. 10, issue 02, 65-78

Abstract: China has made containing financial risks a top priority. The authorities’ recent deleveraging efforts have produced some results with interbank lending growth declining and corporate debt-to-gross domestic product ratio stabilising. However, policymakers will have to address structural weaknesses in the financial system through institutional reforms. Supply-side structural reforms such as deleveraging the state-owned enterprises are therefore crucial as it meaningfully defuses China’s debt risks.

Date: 2018
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DOI: 10.1142/S1793930518000181

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