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Adam Wolfe
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Emerging Markets Economist at Absolute Strategy Research. Views are my own.
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A local government financing vehicle in Zunyi, Guizhou officially became the first LGFV in China to restructure all of its bank loans last week. This is a big deal since it's a precedent for how other off-balance sheet debts may be restructured. A🧵 1
by Adam Wolfe
Everyone is excited about the prospect of China’s reopening. Households have been sitting on a pile of cash and might go out and spend it in the coming months. GDP growth could pop. Why are financial regulators worried about financial stability the
by Adam Wolfe
