Long Chen

Peking University

I am a blogger of China Economic Seminar. After graduating from Peking University, I worked at two Chinese investment banks in Hong Kong before returning to Beijing. My research interests include monetary policy, international finance and economic history. My email address is chenlon0414@gmail.com

My Content

As I discussed in my previous post, when looking at the high level of debt compiled by China’s local governments, it’s easy to imagine that the country is on the verge of a United States-style municipal meltdown, with towns and counties going bust. But this is wrong, and more importantly it misses the real risk embedded in China’s soaring local-government debt levels.
The Financial Times just launched an interesting series of articles on China’s debt called “The Debt Dragon.”