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Tapped Out
The current weakness of localities’ finances is the primary reason that there has been no meaningful fiscal support for China’s recovery this year.
Allen Feng
Associate Director
Allen Feng is a Associate Director with Rhodium Group's China Markets Research team, specializing in China's interbank money market, PBOC monetary policy, and economic policy debates.
ChinaBefore joining Rhodium, Allen was the primary China reporter for Market News International for over ten years, covering China’s economy, policy decisions, and developments in China’s fixed income and currency markets. Allen is well informed on activities throughout China’s financial sector, with a strong network of contacts within Chinese financial institutions. Allen has a Bachelor’s degree in economics from the University of International Business and Economics in Beijing. He is based in Singapore.
Content by Allen Feng
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Evergrande and China’s Debt Dilemma
Even if Beijing can figure out how to alleviate the immediate pressure on Evergrande, China's largest property developer, the problems related to China’s excessive debt and credit growth in recent years will not go away
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COVID-19 and China’s Household Debt Dilemma
Economic fallout from the COVID-19 outbreak now threatens to intensify the financial risks arising from the increase in Chinese household borrowing, with implications for financial stability, consumption growth, and the broader economy
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City-Level Financial Stress Rising
Local-level credit events in China are piling up, and evidence of broader stress across China’s financial system is accumulating.