End Of Zero-COVID Will Not Cure China’s Deep-Set Debt Problem
November 29, 2022 at 20:05 PM EST
Authored by Simon White, Bloomberg macro strategist, China’s risk of slipping into “debt deflation” will be the longer-term driver of its asset markets even after the country finally manages to exit its Covid Zero policy. A much weaker yuan remains likely as one of the tools to alleviate the problem. China’s stocks and the yuan bounced […] Source