Beijing has sent a clear message that it is drawing on pages from its old fiscal and monetary stimulus playbook at the cost of its debt-reduction campaign. Photo: Reuters
China has a choice between the ‘grey rhino’ risk of rising debt or the ‘black swan’ threat of an economic slowdown
- Beijing changes course on macroeconomic policy to cope with slowdown pressure amid the trade war with the United States
- China’s renewed easing of credit conditions on Friday is set to amplify the country’s debt problem
Beijing has sent a clear message that it is drawing on pages from its old fiscal and monetary stimulus playbook at the cost of its debt-reduction campaign. Photo: Reuters
