Tag Archives: higher interest rates

Joe Zhang: Rising Rates Will Help Cure China’s Credit Addiction

Joe Zhang wrote in his recent article in Financial Times that rising the interest rates will help cure China’s credit addiction… The rapid growth of bank loans after the early 1980s, coupled with lax credit standards, resulted in non-performing loans that accounted for 30-40 per cent of loan books by the late 1990s. To prevent […]