Sino-File

Dissenting on debt levels

“The scenario of an abrupt slowdown of the Chinese economy is highly unlikely”

Jin-Zhongxia-w

Jin: no need to worry

Jin Zhongxia, China’s representative at the IMF, rejects that body’s latest warning that the Chinese economy will face increasing risks due to “dangerous” debt levels. The IMF has forecast that China’s economy will grow annually at 6.4% between 2018-20 and the government will hit its target of doubling 2010’s GDP level. However, it said debt levels will have to hit 290% of GDP by 2022 to do so, raising the prospect of a “disruptive adjustment” (WiC suspects this is bureaucratese for ‘crisis’).


© ChinTell Ltd. All rights reserved.

Exclusively sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.