China’s intensive economic monetisation is a key factor driving its money-supply growth, writes author.


Zhang Monan is a fellow of the China Information Centre, fellow of the China Foundation for International Studies, and a researcher at the China Macroeconomic Research Platform.
China’s intensive economic monetisation is a key factor driving its money-supply growth, writes author.

China is experiencing elevated debt risk marked by high levels of accumulated local-government and corporate debt.

With little sign of improved economic fundamentals, rapid currency appreciation is a potentially dangerous development.
