Nicholas Borst explains that a balance sheet approach to analyzing the Chinese economy yields important insights into the country’s financial risks and overall resiliency.
Speaker
- Nicholas Borst, Vice President and Director of China Research
China's most pressing financial risks are linked to weak balance sheets, including those of state-owned enterprises, local governments, and property developers. Repairing these broken balance sheets without damaging the rest of the economy is the key challenge for Chinese policymakers.
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