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Über dieses Buch

The book is based on the research concerning China’s National Balance Sheet (NBS) which is conducted by NIFD, the unique research groups in China focusing on NBS. The relative data have been quoted by the IMF, Chinese government sectors, influential investment banks at home and abroad. This book offers readers a unique edited work that systematically presents solutions to manage financial risk in the context of the current situation in China.



Chapter 1. Interest Burden and Debt Sustainability

From a global perspective, the eruption of global financial crisis in 2007–2008 was followed by increasing leverage of government sector and deleveraging in private sector in advanced economies; emerging economies generally experienced an increase in leverage and China is not an exception.
Xiaojing Zhang, Xueliang Liu

Chapter 2. Sophistication of China’s Financial System

Since the eruption of global financial crisis, shadow-banking system as a new concept has come to the spotlight of financial circles in China and abroad. In China’s bank-dominated financial system, loans have accounted for the majority of credit creation.
Lijun Fan, Jianfeng Yin

Chapter 3. Corporate Leverage from the Perspective of Return on Assets—Two-Level Deviations of Macro and Micro Leverage Ratios

Return on assets (ROA) refers to the ratio between the amount of return on assets and assets employed to create such return and can be expressed by the following equation: ROA = Return on assets/Assets stock.
Zhen Cai, Xi Luan, Ziying Li

Chapter 4. Debt Risks of China’s Government Sector

China’s government debt includes central and local government debts. Among them, central government debt under budgetary management is clearly defined, i.e. outstanding balance of year-end national debt.
Xin Chang, Ying Zhang, Duoduo Tang

Chapter 5. Status and Prevention of Banking Sector Risks

Against the backdrop of slowing economic growth over the past few years, the credit asset quality of China’s commercial banks has been deteriorating.
Gang Zeng

Chapter 6. Monetary Policy in the Context of Deleveraging

The objective of monetary policy is to maintain the stability of currency value and thus spur economic growth. To accomplish this goal, monetary policy needs to be adjusted in line with change in macro-economic situation.
Xingyun Peng
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