Lim Say Boon

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Fixing China's debt burden will bring pain before it brings relief

Damned if they do, damned if they don't: Chinese policymakers are in a corner over the country's debt problems. Even with local government debt in the mix, China's total government debt remains moderate and manageable. But it won't stay that way if the credit binge of the past six years continues for even a few more years.

24 Mar 2014 - 3:33AM

Damned if they do, damned if they don't: Chinese policymakers are in a corner over the country's debt problems. Even with local government debt in the mix, China's total government debt remains moderate and manageable. But it won't stay that way if the credit binge of the past six years continues for even a few more years.

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