What Is Behind China's Latest National Balance Sheet
Editor in Chief: Li Yang
ISBN: 978-1-84464-504-6
Ebook ISBN: 978-1-84464-505-3
Hardback-106 Pages
October 2017
English
£65 €78 $98
Description:
Based on the existing compilation framework, this report attempts to update the main data and focuses on China’s economic development and restructuring process during the period from 2012 to 2014. It explores the challenges in the process of stabilizing economic growth and the adjusting economic structure, and examines the transforming development mode and control of economic risks, especially in the process of deleverage and the controlling of financial risks. It also puts forward policy proposals for resolving the balance sheet risks. This report also collects the experts’ speeches on the symposium, which point out the way to perfect the compilation of the national balance sheet and give advice on how to make a better analysis and application of the national balance sheet.
Content:
Main Report
Section One Main Findings
1. National Balance Sheet
2. Sovereign Balance Sheet
3. Sector Balance Sheet
Section Two Leverage Adjustment and Risk Management
1. Notes to the Totaling Method
2. Society-wide Leverage Ratio
3. Leverage Ratio Cycle
4. Dilemma between De-leveraging and Stabilizing Growth: Numerator Strategy and Denominator Strategy
5. Leverage Adjustment and Financial Risk Management
6. The Fundamental Way out Lies in Transforming the Economic Development Mode through Reform
Speeches at the Seminar
The National Balance Sheet is a New Thing, by Cai Fang
Keynote Report on the National Balance Sheet, by Li Yang
1. Overall Judgment
2. Non-financial Enterprises, Residents, the Government and Financial Institutions
3. Leverage Adjustment Issues
4. Structural Risks in China’s Balance Sheet
What Is Behind the Latest National Balance Sheet, by Zhang Xiaojing
1. The National Balance Sheet Reflects China’s Developmental Stage and Institutional Characteristics
2. China’s Sovereign Net Assets Can Cope with 1.5 Crises