China -Seeds Are Sown For Credit Crunch: NomuraMani
China needs to transform its economy from one driven by exports and capital-intensive industries to one that is driven by market forces, consumption, services and innovative private enterprises, believes a Nomura analyst. Rob Subbaraman argues in his February 2016 Global Markets Research report titled “Asia’s coming credit crunch” that a global manufacturing recession could be made in China.
China has “borrowed” growth from the future
Subbaraman points out that overcapacity and overleverage have become so large in China that they . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible