At the heart of the global macroeconomic and markets outlook for 2018 lie prospects for China. And at the heart of the outlook for China lies the country’s high and rising debt to GDP ratio. Recent policy initiatives suggest that the debt issue is finally being taken seriously.
Can the Chinese authorities navigate the fine line between a hard landing if the deleveraging is too severe or creating an even larger debt bubble if it is not severe enough?
Investment Insights addresses a major concern for investors globally and explores the key themes in Chinese equities and Chinese bonds against this backdrop.