Special Report
Revisiting China's Fiscal And Credit Impulses
If China's credit growth decelerates below 9.4% by the end of 2016 from the current rate of 11.7%, the negative credit impulse will overwhelm any plausible fiscal spending impulse. This is quite a plausible scenario given the lingering credit excesses in China. This warrants a caution on China-related plays in financial markets.
BCA Research | Emerging Markets Strategy
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
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