China fault lines: Where economic turbulence could emerge in 2016
Economists flag areas that can trigger a plunge in growth or systemic risk in the financial system
Beijing
CHINA'S leaders are striving to cut leverage while restructuring growth away from an over-reliance on investment and towards greater consumption and services.
Sounds simple. But there's a risk the transition triggers a steeper slide in growth in 2016. Things could also go awry if there's an acceleration of capital outflows, corporate defaults that trigger more bank bad loans, or increased turbulence in the shadow banking industry, according to economists and analysts interviewed by Bloomberg.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons