Jul
31
China Slowdown Has Debt Warriors Rethinking Their Targets
By-
Debt campaign softening throws focus on state firms, property
- Politburo affirms debt campaign to continue at measured pace
A slowing economy and a rumbling trade war are giving officials trying to tame China’s debt reason to be more selective about their targets, not to give up completely.
Less than two years into the broad-based drive to contain credit growth, policy makers are now placing more emphasis on curbing debt at state firms and in parts of the property market. Meanwhile, the vise-grip that’s been causing contraction in the shadow banking sector and at local governments is being eased in the hope of preventing a sudden stop in the economy…
China Slowdown Has Debt Warriors Rethinking Their Targets
