Has China entered a balance sheet recession?
Peterson Institute for International Economics
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The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. The Institute is committed to rigorous, intellectually open, and in-depth study and discussion. It attempts to anticipate emerging issues and present ideas in useful, accessible formats, to inform and shape public debate. Its audience includes government officials and legislators, business and labor leaders, management and staff at international organizations, university-based scholars and their students, experts at other research institutions and nongovernmental organizations, the media, and the public at large.
Video Description
Richard C. Koo coined the expression “balance sheet recession”—when individuals and companies focus on restoring their solvency, with detrimental effects on the overall economy—in the context of Japan's "lost decade" of the 1990s. Is it an apt template for what is unfolding now in China? Joining this episode of the event series Financial Statements are: HOST Nicolas Véron Senior Fellow, Peterson Institute for International Economics (PIIE) GUESTS Richard C. Koo Chief Economist, Nomura Research Institute Guo Kai Senior Fellow, China Finance 40 Forum (CF40) For more information, visit: https://www.piie.com/events/has-china-entered-balance-sheet-recession Subscribe to receive notices of upcoming PIIE events: https://www.piie.com/subscribe Follow the Peterson Institute for International Economics on social media! Twitter: https://twitter.com/piie LinkedIn: https://www.linkedin.com/company/piie Facebook: https://www.facebook.com/PIIEonline/ Thumbnail credit: Sarah Tew/PIIE via adobestock.com; FLICKR/Jonathan Rees
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