Abstract
Since the second half of 2016, in order to prevent systemic financial risks and ensure China’s steady economic growth, China has implemented various macroeconomic policies, such as “tight credit”, “strong supervision” and “tight currency”, to suppress the rising debt rates of financial institutions, local governments and non-financial enterprises.
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Center for Macroeconomic Research (2019). Policy Simulation: Effects of Changes in the Household Debt Ratio on China’s GDP Growth. In: China‘s Macroeconomic Outlook. Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-13-6077-0_3
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DOI: https://doi.org/10.1007/978-981-13-6077-0_3
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Publisher Name: Springer, Singapore
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Online ISBN: 978-981-13-6077-0
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