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
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
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