Title

China's debt woes : not yet a "Lehman Moment"

Document Type

Journal article

Source Publication

Journal of East Asian Economic Integration

Publication Date

3-1-2015

Volume

19

Issue

1

First Page

99

Last Page

114

Keywords

Sovereign Debt, China’s Corporate Debt, Shadow Banking, Subnational Government, Chinese Economy

Abstract

What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?

DOI

10.11644/KIEP.JEAI.2015.19.1.292

Print ISSN

22348867

E-ISSN

22878793

Publisher Statement

Copyright © Korea Institute for International Economic Policy (KIEP) 2015

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Full-text Version

Publisher’s Version

Recommended Citation

Sharma, S. D. (2015). China's debt woes: Not yet a "Lehman Moment". Journal of East Asian Economic Integration, 19(1), 99-114. doi: 10.11644/KIEP.JEAI.2015.19.1.292