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Article
China's debt woes : not yet a "Lehman Moment"
Journal of East Asian Economic Integration
  • Shalendra SHARMA, University of San Francisco
Document Type
Journal article
Publication Date
3-1-2015
Keywords
  • Sovereign Debt,
  • China’s Corporate Debt,
  • Shadow Banking,
  • Subnational Government,
  • Chinese Economy
Disciplines
Abstract

What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?

DOI
10.11644/KIEP.JEAI.2015.19.1.292
Language
English
E-ISSN
22878793
Publisher Statement

Copyright © Korea Institute for International Economic Policy (KIEP) 2015

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Citation Information
Sharma, S. D. (2015). China's debt woes: Not yet a "Lehman Moment". Journal of East Asian Economic Integration, 19(1), 99-114. doi: 10.11644/KIEP.JEAI.2015.19.1.292