PIMCO: China credit impulse decline sharper, more extreme - material drag on growth

Author: Eamonn Sheridan | Category: News

The question PIMCO is addressing here is "When will China's credit drop affect growth?"

China's "credit impulse" the change in the growth rate of aggregate credit to GDP
  • relevance of the Chinese credit impulse to global reflation cannot be overstated ...  key driver of realized global reflation has been China
  •  the decline in the credit impulse has been sharper and more extreme than many expected

  • ... portends a material drag on Chinese growth in the year ahead
The full piece is here, from Gene Frieda - a global strategist based in PIMCO's London office

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