The PBoC‘s decision to inject RMB 1 trillion to boost the economy could aggravate debt overhang problems
Published on Tuesday, July 22, 2014 | Updated on Tuesday, July 22, 2014
The PBoC‘s decision to inject RMB 1 trillion to boost the economy could aggravate debt overhang problems
Summary
According to Chinese media reports, the People’s Bank of China (PBoC) launched a new lending program in April, with the objective to support infrastructure investments (in particular for shantytown renovation projects).
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Authors
Le Xia
BBVA Research - Chief Economist
Carlos Casanova