China's debt woes : not yet a "Lehman Moment"

Research output: Journal PublicationsJournal Article (refereed)

Abstract

What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?
Original languageEnglish
Pages (from-to)99-114
Number of pages16
JournalJournal of East Asian Economic Integration
Volume19
Issue number1
DOIs
Publication statusPublished - Mar 2015
Externally publishedYes

Fingerprint

China
Debt
Economic growth
Corporate debt
Chinese economy
Beijing
Political economy
Private sector
Burden
Indebtedness
Systemic risk
Sovereign debt

Keywords

  • Sovereign Debt
  • China’s Corporate Debt
  • Shadow Banking
  • Subnational Government
  • Chinese Economy

Cite this

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title = "China's debt woes : not yet a {"}Lehman Moment{"}",
abstract = "What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a {"}Lehman Moment{"} - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?",
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}

China's debt woes : not yet a "Lehman Moment". / SHARMA, Shalendra D.

In: Journal of East Asian Economic Integration, Vol. 19, No. 1, 03.2015, p. 99-114.

Research output: Journal PublicationsJournal Article (refereed)

TY - JOUR

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AU - SHARMA, Shalendra D.

PY - 2015/3

Y1 - 2015/3

N2 - What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?

AB - What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?

KW - Sovereign Debt

KW - China’s Corporate Debt

KW - Shadow Banking

KW - Subnational Government

KW - Chinese Economy

UR - http://commons.ln.edu.hk/sw_master/3456

U2 - 10.11644/KIEP.JEAI.2015.19.1.292

DO - 10.11644/KIEP.JEAI.2015.19.1.292

M3 - Journal Article (refereed)

VL - 19

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EP - 114

JO - Journal of East Asian Economic Integration

JF - Journal of East Asian Economic Integration

SN - 2234-8867

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