Posted inChina

China’s credit efficiency reaches ‘turning point’

China is beginning to reap more rewards from its credit, reversing a trend over the past two years and signaling that its “credit cycle has peaked.” From Bloomberg: New credit required for each dollar of economic output fell to US$0.28 in 2017, from US$0.30 the year before Inefficient capital allocation has started to “bottom”: JPMorgan […]

%d bloggers like this: