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Debt and Distortion: Risks and Reforms in the Chinese Financial System [Repost]

Posted By: hill0
Date: 29 Mar 2018 16:27:43
Debt and Distortion: Risks and Reforms in the Chinese Financial System [Repost]

Debt and Distortion: Risks and Reforms in the Chinese Financial System by Paul Armstrong-Taylor
English | 24 Oct. 2016 | ISBN: 1137534001 | 270 Pages | PDF (True) | 9.72 MB

China’s unprecedented growth has transformed the lives of its people and impacted economies across the globe. The financial system supported this growth by providing cheap loans to boost investment and, in a virtuous cycle, rapid growth insured that these loans could be repaid. However, in recent years, this virtuous cycle has turned vicious. The financial system has continued to lend freely and cheaply as the economy has slowed, and the risk of crisis has mounted. In response, the government has initiated the most ambitious financial reforms in twenty years. Financial markets, businesses and governments are concerned about these risks and are struggling to understand what the reforms will mean for China and the rest of the world.
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