Press "Enter" to skip to content

No Minsky moment in foreseeable future, said former PBOC advisor

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

"In the foreseeable future, China will not face a Minsky moment and it has not come to a point of financial crisis," said Yu Yongding, a prominent economist in China and former advisor to the People's Bank of China (PBOC), in a public conference on Wednesday.

Yu believes China have sufficient means and room to avoid a Minsky moment.

The “Minsky moment,” named for American economist Hyman Minsky, refers to the moment at which the value of assets collapses . . .

To continue reading, please subscribe. You will get

  • ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
  • THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere. 
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
  • QUALITY MATTERS. We provide quality information to help intelligent and professional readers make informed decisions. 

 

FREE TRIAL FOR A WEEK cancel anytime

GRAB THE MID-YEAR SPECIAL OFFER !

SUBSCRIBE AT $0.5 A DAY! 

 

Contact us for group subscriptions: contact@yuantalks.com

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.

 

Already have an account? Sign In

Top