Insight
China economic focus June 2023: local government debt at risk
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s public debt level is at an alarming stage, with total government debt reaching 96% in 2022. The risks of a debt crisis vary across provinces. Shaanxi, Guangxi, Qinghai, Yunnan, Sichuan, Jilin, Gansu and Guizhou provinces are at the top of the troubling list. China will try to manage a slow deleveraging process to avoid a debt crisis. However, it will lead to a material slowdown in infrastructure investment and associated commodity demand.
Table of contents
- Highlights
- Why not stimulate infrastructure?
- How large is local government debt?
- What are the solutions?
- Appendix
Tables and charts
This report includes 13 images and tables including:
- Country comparison of public debt level
- Local government debt by provinces
- Liability ratio of official debt
- The interest rates of urban investment bonds
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus June 2024: challenges to car exports
How can China’s car producers navigate themselves through rising trade barriers?
$950
Insight
China economic focus May 2024: how to resolve excess supply
The manufacturing and construction sectors will have different solutions to curb excess supply.
$950
Asset Report
Dakuangshan zinc mine
A detailed analysis of the Dakuangshan zinc mine.
$2,250
