Front Matter Page
Asia and Pacific Department
Contents
I. Introduction
II. China’s Credit Developments
III. Drivers of China’s Credit Growth
IV. Why Worry About China’s Credit Boom?
V. Can China-Specific Factors Save China from a Credit Bust?
VI. How to Deflate the Credit Boom Without Precipitating a Crisis?
VII. Conclusions
Box
I. Measuring Credit: How Large is China’s Nonfinancial Sector Credit?
Tables
1. Determinants of Private Sector Credit Growth
2. Determinants of Bank Loan Growth
3. Cycle Dates for Total Nonfinancial Sector Credit
4. Breakdown of Nonfinancial Sector Debt in China
5. Nonfinancial Sector Debt
References