This book proposes a method for calculating Chinas debt based on a quantitative econometric analysis. This is conducted by measuring the relationship between Chinas debt size and economic growth. The conclusion that is reached is as follows: Chinas current debt has already exceeded the inflection point, and that means that it is now having an adverse effect on its economic performance.
The book also focuses on China's debt problems as a whole, highlighting debt issues faced by different entities and industries, as well as the ratio and structure of the virtual and real economies. The contents are presented in three major principles: theory, oriented,data, and oriented policy.
Chapter I Debt and Economic Growth.- Chapter II A Study of Chinas Total Debt.- Chapter III A Study of Chinas Government Debt.- Chapter IV A Study of Chinas Bank Debt.- Chapter V A Study of Chinas Corporate Debt.- Chapter VI A Study of the Debt of Real Estate-Related Industries.- Chapter f A Study of the Real Economy and the Virtual Economy.- Chapter g Summary.
Professor Zhu Xiaohuang was born on July 2, 1956 in Cili County, Hunan Province. He obtained his doctorate in International Economy from Lingnan College of Sun Yat-sen University in 2006.
Zhu previously worked in China Construction Bank as the executive director and then as deputy president /chief risk officer. In August 2012, he was appointed as the deputy general manager of CITIC Ltd. and president of CITIC Bank. In May 2014, Zhu became chairman of the supervisory board of the CITIC Group Corporation. He is a part-time professor at Renmin University of China, Wuhan University, Shenzhen University and Hunan University. As a senior economist, Zhu is entitled to the State Council Special Allowance. He also sels.