China Must Restrict Debt To Achieve Greater Development
ANBOUND
The debt problem in China's economy is getting more serious and become a risk that highly requires government’s attention. Generally, speed lending leads to poor risk assessment and resource mismatch. Moreover, rapid credit booms often come with bad consequences. It is hard to believe that the upsurge investment in China is highly caused by credit over the past four and half years. Therefore, China must restrict debt in order to achieve sustainable economic development in the future.