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  • Robert Kelly
    Robert Kelly “We keep talking about a tough response - that's what the South Korean president said this morning - but it's just not clear to me what that would be that wouldn't put us on a war footing. It's almost certainly going to be rhetorical.” 18 hours ago
  • Hirokazu Matsuno
    Hirokazu Matsuno “North Korea's series of actions, including its repeated ballistic missile launches, threatens the peace and security of Japan, the region, and the international community, and poses a serious challenge to the entire international community, including Japan.” 18 hours ago
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30 Aug 2022 (approximate)

“Chinese leaders have a much greater degree of control over the financial system and the real economy than US policymakers did in 2008. So they have the tools to stave off an acute crisis. They have the tools to stave off financial contagion and a complete collapse in credit flows because they can simply order the banks to lend. They can work outside the legal bankruptcy system to keep everyone liquid, to avoid disorderly chains of default. China could still be looking at years of economic stagnation, which would feel like a recession to many Chinese after decades of strong growth. We could just see an extended period of slow growth, something more like a Japan scenario, a sort of grinding slowdown over many years even absent acute financial distress or panic in the market.”

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Lead economist at Oxford Economics
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Date and Location
  • 30 August 2022 (approx)
  • 30 August 2022
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