Foreign investors have lost billions expecting a Chinese financial crisis that hasn’t come yet. So what gives? According to the Rhodium Group’s Logan Wright, it’s not China’s domestic savings rate or RMB-denominated debt that’s keeping the economy afloat, but rather the government’s credibility.
The Chinese Financial Crisis That Never Came, with Logan Wright
China EconTalk
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Foreign investors have lost billions expecting a Chinese financial crisis that hasn't come yet. So what gives? According to the Rhodium Group's Logan Wright, it's not China's domestic savings rate or RMB-denominated debt that’s keeping the economy afloat, but rather the government's credibility.
