Beijing has made “deleveraging” the economy a major task for the year, stepping up efforts to reduce interbank liquidity via open market operations. PHOTO: Bloomberg
Xie Yu
Opinion

Opinion

Across The Border by Xie Yu

China’s credit tightening is slowing economic growth but for how long?

The economy faces a turning point as Bejing puts “deleveraging” ahead of immediate growth. More downward pressures are ahead as the impact brought by rising funding costs takes effect, economists say

TOP PICKS

Beijing has made “deleveraging” the economy a major task for the year, stepping up efforts to reduce interbank liquidity via open market operations. PHOTO: Bloomberg
READ FULL ARTICLE