Relax, China’s Banks Aren’t About to Have a Meltdown
There are reasons to be worried about China’s debt, but the risk of a 2008-style crisis is not one of them.
Books
06.12.12
Sustaining China’s Economic Growth After the Global Financial Crisis
The global financial crisis and ensuing economic downturn have raised many questions concerning the future of global economic growth. Prior to the financial crisis, global growth was characterized by growing imbalances, reflected primarily in large trade surpluses in China, Japan, Germany, and the oil exporting countries and rapidly growing deficits, primarily in the United States. The global crisis raises the question of whether the previous growth model of low consumption, high saving countries such as China is obsolete.
Macroeconomic Policy to the Forefront: The Changing of the Guard
China Leadership Monitor
Worries continue to swirl around the Chinese and global economies, and China’s growth is slowing at the end of 2011. However, the news from China in the third quarter of 2011 was basically positive: inflationary pressures eased while growth...
Hong Kong’s Recovery from the Global Financial Crisis
International Monetary Fund (IMF)
Hong Kong’s economy was severely affected by the global financial crisis (through both trade and financial channels). A recovery is now underway, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions...