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Analysts say ‘debt’ and ‘leverage’ mean different things in China and are moving in opposite directions

1 month ago
Sky Canaves
hina has "high debt but low leverage," according to economists at Nomura Holdings, and the divergence can be explained by property prices.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

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