قالب وردپرس درنا توس
Home / Business / China's economy improves as corporate debt increases: China Beige Book

China's economy improves as corporate debt increases: China Beige Book



A short-term relief in China's growth problems can be a welcome facilitator for global investors. The Shanghai Composite was one of the worst executive stock indices in the world last year, but has so far increased more than 20 percent in 2019.

"In China, what really regulates growth is, at least at the moment, the availability of liquidity availability is a governmental concern. case, says David Wong, partner of Asian alternative investment group PAG, under a panel at the AVCJ China Forum in Beijing last week.

In addition, debt risk could be overblown, according to Wong. The government and companies in the country "small" compared to the levels in most Southeast Asian countries during the Asian financial crisis at the end of the 1

990s, he said.

"Given this (and the tax revenue basis), I think we are not in a survivor situation in China, "said Wong." Therefore, this super-cycle of growth in the foreseeable future will continue until the point of exploitation cannot continue to sustain, even within a closed capital account system. "


Source link