BIS Warns Of Risk From Soaring Chinese Debt

Global growth is expected to be resilient in 2017, with advanced economies’ confidence indicators posting multi-year highs and EMEs clocking improved performances aided by higher commodity prices, notes the Bank for International Settlements. In its 87th Annual Report, the BIS report points out that the feared sharp slowdown in China didn’t materialize, thanks to timely support provided by authorities to its economy, but there remains great risks amid the ongoing Chinese debt buildup. BIS Report – Globalization comes under a protectionist threat The BIS report notes that the global economy has gathered momentum, amidst reduced unemployment rates and inflation readings…