China's balance sheet recession

[mmm....shiney!]

Richard Koo applying his theory to China's dilemna.

It's also Jack Farley's last interview for Forward Guidance as he moves on to a new project which I welcome as it's been a fair while since I listened to his show. I'm wondering what his focus will be?

 

[mybullion.com.au]

So Richard expects China to experience a lost decade similar to the one Japan did in the 90s. Remedy? More aggressive fiscal stimulus

 

[mmm....shiney!]

I haven't finished watching it as yet, but that could be what happens. Local government is heavily indebted and can't afford to go into more debt so I think Xi Jinping is willing to step in and borrow at the national level in order to prop up GDP.

 

[Roswell Crash Survivor]

BBC: China raises retirement age for first time since 1950s

China will "gradually raise" its retirement age for the first time since the 1950s, as the country confronts an ageing population and a dwindling pension budget.
The top legislative body on Friday approved proposals to raise the statutory retirement age from 50 to 55 for women in blue-collar jobs, and from 55 to 58 for females in white-collar jobs.Men will see an increase from 60 to 63.

Source Link Plaintext: https://www.bbc.com/news/articles/c62421le4j6o