How Stable Is China’s Economy?

  • Paul Armstrong-Taylor
Part of the Politics and Development of Contemporary China book series (PDCC)


Paul Armstrong-Taylor focuses on the risk of rising debt in China. He explains that China’s economic growth has been based on investment and exports. To support growth the government has distorted financial markets by keeping interest rates low. This has caused rapid growth in debt, particularly in the shadow banking sector. The risks are manageable, provided that China actually moves to a more sustainable, if slower, growth path.


Interest Rate Financial Crisis Federal Reserve Deposit Insurance Real Estate Price 
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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Paul Armstrong-Taylor
    • 1
  1. 1.Hopkins-Nanjing CenterJohns Hopkins-SAISNanjingChina

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