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China's credit engine is running out of gas as debt risk goes up

As leaders signal tighter monetary policy to reduce risks and keep the yuan stable, funding levels take a hit

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With the People's Bank of China scaling down credit risk, funding remains a challenge for small businesses, with nearly 60 per cent reporting shortfalls in December, according to China's National Bureau of Statistics.

Beijing

THE People's Bank of China (PBOC) faces a reckoning after revving up its credit engine for years.

Three conditions suggest traditional financing and shadow banking are due to cool: Restrictions on property markets are poised to start weighing on mortgage issuance; bond

sentifi.com

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