Beijing’s campaign on financial leverage has led to downdraft in equity prices, eviscerating year-to-date gains for bourses in Shenzhen and Shanghai. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Opinion: Two reasons not to fear China’s deleveraging campaign

Short term pain from deleveraging shouldn’t be misread as a wider economic malaise

TOP PICKS

Beijing’s campaign on financial leverage has led to downdraft in equity prices, eviscerating year-to-date gains for bourses in Shenzhen and Shanghai. Photo: AFP
READ FULL ARTICLE