China’s financial warning signs are flashing almost everywhere | World News, The Indian Express

China’s financial warning signs are flashing almost everywhere | World News, The Indian Express

By Bloomberg |Published: November 29, 2019 8:22:30 am

China’s financial warning signs are flashing almost everywhere

Xi Jinping’s government faces an increasingly difficult balancing act as it tries to support the world’s second-largest economy without encouraging moral hazard and reckless spending.

A group of tourists take a ride on a ferry crossing the Huangpu River in Shanghai, China. (Photographer: Qilai Shen/Bloomberg)

From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the nation’s policy makers to the test.