Economics
China Deleveraging Appetite May Be Decided by Trump, Not Xi
- Solid global growth has given China room to tackle debt issue
- China borrowing swelled to 260% of economy at the end of 2016
Why Graticule's Levinson Isn't Concerned About China Debt
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To get an idea of how quickly China’s deleveraging push will go, look abroad.
All year, Asia’s largest economy has been in a sweet spot. Economic growth has picked up even as policy makers pushed up borrowing costs and cracked down on shadow banking to curb financial risks. Much of this is thanks to solid growth elsewhere, especially in the U.S., which has boosted Chinese exports.