IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-53879-6_8.html
   My bibliography  Save this book chapter

Systemic Risk (I): Shadow Banks and Local Debt

In: China’s Impossible Trinity

Author

Listed:
  • Chi Lo

    (Economic Strategist)

Abstract

As the Impossible Trinity descends upon China, exposing it to external shocks and policy choice dilemma, a major concern has emerged about systemic risks derailing its structural reform programme. The main worry focuses on China’s shadow-banking market, to which the official banking system is tied. Some observers even see Chinese banks as the world’s biggest systemic risk (Wall Street Journal 2014). There is also a worry about local government debt, which amounted to about one-third of China’s GDP in 2013. Owing to its rapid rate of growth, at an estimated 67 per cent a year between 2010 and 2013, some analysts worry that local government debt has grown so fast as to become a major national burden and an international concern (Economist 2014).

Suggested Citation

  • Chi Lo, 2015. "Systemic Risk (I): Shadow Banks and Local Debt," Palgrave Macmillan Books, in: China’s Impossible Trinity, chapter 8, pages 129-145, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53879-6_8
    DOI: 10.1057/9781137538796_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-53879-6_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.