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From the Great Wall to Wall Street pp 195–220Cite as

Palgrave Macmillan

Moral Hazard or Moral Imperative?

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Abstract

China’s binge investments since 2008 have racked up a huge amount of debt in its financial system. Much of it went for fixed asset investments, especially property development. This raises the concern that if the Chinese property bubble was to burst, it could lead to a Minsky moment (see below), followed by a devastating Lehman moment and a financial collapse.

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Author information

Authors and Affiliations

  1. California, USA

    Wei Yen

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  1. Wei Yen
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Yen, W. (2017). Moral Hazard or Moral Imperative?. In: From the Great Wall to Wall Street. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-33008-2_11

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