New Market Report Now Available: China Infrastructure Report Q4 2013
We see a credit crunch spreading and persisting in the infrastructure and wider construction sector in China and as such we have moved to downgrade our 2014-2022 industry value forecasts. Despite the revisions, we still note strong downside risks to our forecasts stemming from the curtailment in liquidity that fuelled the most recent surge in fixed asset investments. We believe that the prevalence of shadow banking assets in infrastructure and real estate is currently the single largest risk facing the...
View full press release