Carnegie Endowment Events

Confronted by the 2008 global financial crisis, China unleashed an unprecedented economic stimulus package that included rapid growth in credit from the state banking system to enterprises and local governments. No other developing country has amassed as much debt as quickly. And in other countries, large increases in debt have usually been followed by sharp growth slowdowns, and many ended in crisis. Is China’s debt bomb likely to explode? Is its decelerated growth rate still too rapid? Is there a cure for China’s debt addiction? Ruchir Sharma will answer these questions. Carnegie’s Yukon Huang will comment, and Vikram Nehru will moderate.