Logo 15 Jun 2017

Welcome to the new new normal for Chinese debt

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

We hate the phrase “new normal”. But Chinese policymakers love it.

Our main criticism is that China’s economy is changing rapidly. So nothing is ever truly static enough to be called “normal.”

The latest “new normal” is in money and credit growth, according to the PBoC. Specifically, the...