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ASR in Bloomberg: China’s debt ratio hits record, marking slowdown in borrowing

Ella Rathgeber

28th JUL. 2023

Bloomberg’s Tom Hancock discusses China’s debt-to-GDP ratio hitting record highs, in which Bloomberg estimates show that total debt rose to 282% of GDP. When discussing China’s risk of a ‘balance sheet recession’, ASR’s Adam Wolfe comments…

“I agree with the conclusion of the NIFD report – that China is not in a balance sheet recession, but is at risk of one as households and firms pursue balance sheet repair” … “The reason households and firms are behaving like this is because of the government’s policies to reduce financial sector risks.”

· To read Bloomberg’s article in full, please see HERE  (Bloomberg subscription required)

· ASR clients can read Adam’s recent work on: A Chinese balance sheet recession?

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