China is big and powerful, but its consumption per head is no higher than Peru. A ‘recession with Chinese characteristics’ is not out of the question. China faces its most serious economic challenges since Mao’s death in 1976
The IMF’s recent warning should be taken very seriously
Warnings about rising debt have not gone down well with China’s leaders. But without some drastic action a similar crash to the west’s 2008 will become increasingly likely.
This is a Financial Times Long View piece on China’s debt bubble, summarising a discussion I led with an audience at the FT on 15th May.
First published: Financial Times, 29/04/2016
Credit build-up will end with serious consequences for the global economy
On one of my first trips to China in the early 1990s,
First published: Nikkei Asian Review, 27/04/2016
The Bank of Japan’s interest rate setting meeting on April 28 is the focus of attention this week for many central bank watchers.