Special Report

Revisiting China's Fiscal And Credit Impulses

13 Apr 2016

by Arthur Budaghyan, Chief EM/China Strategist

If China's credit growth decelerates below 9.4% by the end of 2016 from the current rate of 11.7%, the negative credit impulse will overwhelm any plausible fiscal spending impulse. This is quite a plausible scenario given the lingering credit excesses in China. This warrants a caution on China-related plays in financial markets.

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BCA Research | Emerging Markets Strategy

Critical input for global and EM investors as it provides global macro investment themes as well as recommendations for EM equities, currencies, and fixed income.