EMerging Equity
Shadow Banking
Global Debt: The Tip And The Bulk Of The Iceberg
By Valentin Katasonov Despite the chilling nature of global debt and individual country debt figures cited in the report — Debt and (not much) deleveraging — published by the well-known consulting firm McKinsey in February 2015, for the most part these figures are incomplete and underestimated. The situation is in fact far worse. This is clearly illustrated by … Continue reading
Global Debt Has Soared By $57 Trillion Since The 2007-08 Financial Crisis
Global debt has soared by $57 trillion since the outbreak of the financial crisis in 2007, with the debt to GDP ratio jumping to above 500 percent in Japan. This raises questions about financial stability and poses a threat of another crisis. “After the 2008 financial crisis and the longest and deepest global recession since … Continue reading
China And The Final Frontier Of Financial Reform
By Yiping Huang – Peking University; Ran Li – Peking University; and Bijun Wang – CASS In late 2013 the Chinese authorities put together a reform agenda for the financial sector, focusing on reducing entry barriers, liberalising market mechanisms and improving financial regulation. This could be the final frontier of China’s financial reform, which — according to the plan — should … Continue reading
China Faces Challenges, But Bears Beware Of Betting On Collapse
By Yu Yongding George Orwell once observed: ‘Whoever is winning at the moment will always seem to be invincible’. Not long ago, many in the West declared that China would soon be the number one economy in the world. But in the past two years, many in the West have begun to see the writing … Continue reading
China Transitioning Through “Period Of Pain”; Shadow Banking, Overcapacity Are Major Issues: Vice Finance Minister
As China shifts gears towards a slower and more sustainable growth in President Xi Jinping’s “new normal”, its economy is going through a “period of pain” and the rapid expansion of the nation’s shadow banking sector alongside overcapacity are major problems, China’s Vice Finance Minister Zhu Guangyao told Reporters at the G20 Leaders Summit in Australia on … Continue reading
