Associate Director
Allen Feng is a Associate Director with Rhodium Group's China Markets Research team, specializing in China's interbank money market, PBOC monetary policy, and economic policy debates.
ChinaBefore joining Rhodium, Allen was the primary China reporter for Market News International for over ten years, covering China’s economy, policy decisions, and developments in China’s fixed income and currency markets. Allen is well informed on activities throughout China’s financial sector, with a strong network of contacts within Chinese financial institutions. Allen has a Bachelor’s degree in economics from the University of International Business and Economics in Beijing. He is based in Singapore.
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China’s investment-led growth model has reached its limits and household consumption will be the key driver of China’s long-term economic trajectory. Beijing has reform options available, though they vary in financial and political viability.
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The key question from the Third Plenum is whether Beijing can credibly and coherently message its reform priorities to change China’s economic trajectory in the near future. Resetting expectations is vitally important, but meeting them is harder.
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The current weakness of localities’ finances is the primary reason that there has been no meaningful fiscal support for China’s recovery this year.
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Even if Beijing can figure out how to alleviate the immediate pressure on Evergrande, China's largest property developer, the problems related to China’s excessive debt and credit growth in recent years will not go away
