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 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
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
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

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 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
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
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Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.