Slow, Steady, Cheap, and Painless – Making Sense of China’s Bad Loan Strategy - MacroPolo

Slow, Steady, Cheap, and Painless – Making Sense of China’s Bad Loan Strategy - MacroPolo: Since 2016, China’s financial authorities have been quietly pushing the banks to dispose of their bad loans more aggressively. The process has been incremental, but cumulatively meaningful. The measured pace at which Beijing is pursuing its debt cleanup could easily be misconstrued as timidity, a sign that China’s political leaders remain either uncommitted to dealing … Continue reading "Slow, Steady, Cheap, and Painless – Making Sense of China’s Bad Loan Strategy"