Narrower Tightropes, Smaller Nets

China risks have been off the radar of global markets for the past several months, after dominating attention early in the year. The fundamental factors that had temporarily insulated the Chinese economy from a sharper downturn have deteriorated during this period. The current strength in China’s property market and risk assets is unlikely to persist indefinitely, and policy changes may accelerate pressure on China’s increasingly fragile financial system.

Posted August 1, 2017
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