Ep 91 - Beijing’s quiet deleveraging push

For the first time in recent memory, a senior Chinese economic official is really pushing the idea that China needs to control its debt-to-GDP ratio. In a recent Qiushi essay, central bank (PBoC) Governor Pan Gongsheng laid out why credit growth has to slow.Trivium made this call back in July, when deleveraging sounded like a wild idea given how weak the economy is. Dinny McMahon’s take: “We feel quite validated.”On this quick-reaction episode, Trivium China Podcast host Andrew Polk sits down...