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Market Commentary

A Balance Sheet Approach to China

Nicholas Borst explains that a balance sheet approach to analyzing the Chinese economy yields important insights into the country’s financial risks and overall resiliency.


China's most pressing financial risks are linked to weak balance sheets, including those of state-owned enterprises, local governments, and property developers. Repairing these broken balance sheets without damaging the rest of the economy is the key challenge for Chinese policymakers.
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