A New Year, but No Resolution for China's Debt Problem
Jan 27, 2018 | 14:53 GMT
(NICOLAS ASFOURI/AFP/Getty Images)
- After some initial progress in managing their country's mounting debt in 2017, Chinese authorities may have to temper their expectations this year.
- A slowdown in the property market could strain China's finances and disrupt Beijing's efforts to reform its unwieldy and unprofitable state-owned enterprises.
- Surging household debt will interfere with the central government's quest to encourage domestic consumption and rebalance the Chinese economy.