Yan Wang
speaker
275 appearances
1 recordings
1 series
first heard Sep 2024
last heard Sep 2024
Yan Wang’s voice in public audio — every appearance, attributed to the second.
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Appearances
Uh so but if you look at other countries, like for example the US, a lot of this financing has been done through equity financing.
So you know the stock market play a much bigger role in financial intermediation compared with bank or compared with China, because China relies more heavily on banks.
So that's why you we have that issue.
So structurally speaking, all these high
savings Asian countries like China, Korea, Japan, they all have a much higher debt to GDP ratio compared with countries that more rely on
uh stock market for financing.
So I think that's the that's the k you know, that's the starting point.
Um so I think now the problem as I I as I said earlier.
The mortgage is not the problem for the meltdown in the Chinese housing market.
It's the liquidity crush cr uh crisis.
It's the severe credit crunch imposed by Beijing on developers that cost the whole the whole crisis.
So
Mm.
If
Absolutely.
Absolutely.
That's precisely what's happening now.
Right.
So you know if they they tr you know to to to reduce your debt level, it's never you know the solution is never to pay back your debt.
This the solution
Showing 121–140 of 275 · page 7 of 14
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