China debt problem: rising levels likely

Although the economic upturn in China is impressive, it has been heterogeneous and, based on current data, probably not sustainable, says Gerwin Bell, Lead Economist for Asia on the Global Macroeconomic Research team at PGIM Fixed Income. The economic upswing has revived patterns such as rising foreign trade surpluses and rising domestic debt. We talked to him about China’s debt problem in 2020 and the impact on the country’s fixed income market.