Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters
Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters
Hu Shuli
Opinion

Opinion

Hu Shuli

China's credit crunch is a wake-up call for economic restructuring

Hu Shuli calls for government resolve to tackle excess capacity and high debt, while encouraging the development of private enterprise

Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters
Chinese markets stabilized this Monday as investors spooked by last month's cash crunch took heart from a flurry of official reassurances that there is ample liquidity in the financial system. Photo: Reuters
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Hu Shuli

Hu Shuli

Hu Shuli is editor-in-chief of Caixin Media Company, editor-in-chief of the weekly magazine Century Weekly, executive editor-in-chief of the monthly journal China Reform and dean of the School of Communication and Design at Sun Yat-sen University. She founded CAIJING magazine, a business and finance review, in 1998.