The Chinese Financial Crisis That Never Came
Foreign investors have lost billions expecting a Chinese financial crisis that hasn’t come yet. So what gives? Podcast host Jordan Schneider interviews Wright, who says it’s not China’s domestic savings rate or RMB-denominated debt that’s keeping the economy afloat, but rather the government’s credibility. Wright talks in depth about why China avoided the problems of other emerging markets who have experienced similar credit expansions in this interview.