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China's banks have been told to sacrifice $210 billion in profits to boost the economy. Because the banks are effectively guaranteed by the government, this is the equivalent of an increase in government debt equal to...
ft.com/content/647ad6…
China's banks have been told to sacrifice $210 billion in profits to boost the economy. Because the banks are effectively guaranteed by the government, this is the equivalent of an increase in government debt equal to...
ft.com/content/647ad6…
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roughly 1.5 percentage points of GDP which, rather than show up in the official debt numbers, represents an increase in the government's contingent liabilities.
This is also the equivalent of a subsidy to borrowers, mostly manufacturers, and is part of the explanation...
roughly 1.5 percentage points of GDP which, rather than show up in the official debt numbers, represents an increase in the government's contingent liabilities.
This is also the equivalent of a subsidy to borrowers, mostly manufacturers, and is part of the explanation...
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of why Chinese exports have recovered so quickly.
of why Chinese exports have recovered so quickly.
