Concerns about China’s ballooning debt indicators have been cycling on and off for nearly a decade. BIS put out an alert in September about China’s increasing “credit to GDP gap,” a warning that the pace was excessive relative to historical trends. Add to this worry the dependence of some banks on wholesale borrowing and re-emergence of shadow-banking and it is easy to understand why some observers have raised the possibility of a destabilising “Lehman moment.”
近10年来,对manbetx3.0 日益攀升的债务指标的担忧一直在周而复始地出现。今年9月,国际清算银行(BIS)就manbetx3.0 不断增大的“信贷规模/GDP缺口”(Credit-to-GDP gap)发出警告,称其增大的节奏相对于历史趋势过高了。加剧这种担心的是,一些银行依赖批发借款,而影子银行卷土重来。因此,不难理解一些观察人士为何提出manbetx3.0 出现破坏稳定的“雷曼时刻”(Lehman moment)的可能性。