JOURNAL OF MANAGEMENT POLICY AND PRACTICE
China's Debt Crisis
Author(s): Peter Geib, Lucie Pfaff
Citation: Peter Geib, Lucie Pfaff, (2017)"China's Debt Crisis," Journal of Management Policy and Practice, Vol. 18, Iss. 1, pp. 44-49
Article Type: Research paper
Publisher: North American Business Press
By 2015 the size of Chinas total debt, held by government, financial institutions, and non-financial corporates, had reached a level seen as a national burden and an international concern. The explosive growth of this debt is a relatively recent phenomenon going back to the government stimulus in 2008. In order to evaluate the nature of this growth in credit, it is necessary to look at historic events, outside influences, actions by local government entities, and policies undertaken by central government in Beijing.