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基軸マクロ Special Report

Chinese Deleveraging? What Deleveraging!

公開日

The fundamental reason behind the debt buildup in the Chinese economy is rooted in its high savings and banking-centric intermediation system. It is wrong to focus solely on the liability side of the economy. Viewed from a balance sheet perspective, China's debt situation is much less dire than commonly perceived.

BCA | CoreMacro

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