Ann Listerud is an analyst at Strider Intelligence and a member of the Latinx China Network (LACHINET). Prior to Strider, Ann worked at Sayari, Trivium China, and the U.S.-China Economic and Security Review Commission. Her work focuses on China’s financial policies and state-owned enterprises. You can follow her on Twitter at @lianlist
Chinese people are not spending money, nor are they trying to start businesses or buy homes. When a whole nation chooses to stop spending and borrowing, it indicates anxiety and fear. The People’s Bank of China had to act.
Huarong, a state-owned debt management company, indirectly owns shares in almost 80,000 Chinese companies. But as rumors swirl about Huarong's financial health, we need to scrutinize the entirety of China's larger state-owned financial sector.