Tags: lignet | warburton | china | credit

LIGNET's Warburton: Signs China's Credit Tightening Has Gone Too Far

Friday, 19 Jul 2013 03:23 PM

By Peter Warburton


China’s new guard sent shockwaves through the credit system last month when the central bank refused to provide the extra liquidity to the money market that had been expected. The two-week credit crunch that ensued resulted in a default and the closure of the bond market to new issues. Was this a deliberate ploy to dissuade bad lending practices and instill banking discipline, or a more fundamental signal that China’s credit-fuelled expansion is to be curtailed?

To read the full Special Economic Analysis by Peter Warburton at LIGNET.com, click here.


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