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Policy Simulation: Effects of Changes in the Household Debt Ratio on China’s GDP Growth

  • Center for Macroeconomic Research
Chapter
Part of the Current Chinese Economic Report Series book series (CCERS)

Abstract

Since the second half of 2016, in order to prevent systemic financial risks and ensure China’s steady economic growth, China has implemented various macroeconomic policies, such as “tight credit”, “strong supervision” and “tight currency”, to suppress the rising debt rates of financial institutions, local governments and non-financial enterprises.

Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Xiamen UniversityXiamenChina

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