Residential buildings in Beijing are seen on January 31. China’s debt has soared amid the pandemic, with the latest data showing a debt surge in all sectors, including non-financial corporations, households and government. Photo: Reuters
Opinion
Opinion
The View
Why the PBOC is keeping an eye on asset price inflation in China
- A warning of the risk of asset bubbles and Beijing’s recent net liquidity withdrawal are signals to the market that, while the authorities won’t make a sudden U-turn on pledged policy support, they also won’t tolerate unchecked credit growth
Residential buildings in Beijing are seen on January 31. China’s debt has soared amid the pandemic, with the latest data showing a debt surge in all sectors, including non-financial corporations, households and government. Photo: Reuters