‘Massive Bailout’ Needed in China, Banking Analyst Chu Says
- Autonomous Research partner Charlene Chu talks in interview
- She’s not yet convinced China is serious about tackling debt
OppenheimerFunds Memani: Credit in China to Grow
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Charlene Chu, a banking analyst who made her name warning of the risks from China’s credit binge, said a bailout in the trillions of dollars is needed to tackle the bad-debt burden dragging down the nation’s economy.
Speaking eight days after a Communist Party newspaper highlighted dangers from the build-up of debt, Chu, a partner at Autonomous Research, said she was yet to be convinced the government is serious about deleveraging and eliminating industry overcapacity.