deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will …

The fast expansion of China's debt, in particular corporate and local government debt, has attracted international … attention and has also become a major concern of China's policy makers. Even though China can tolerate a higher debt level than … decades to withstand a higher debt level have also been weakened. This paper reviews the evolution of China's debt built …