Is China Debt “Too Big To Fail?”
During the Winter 2021 installment of PGIM’s China Investment Symposium series, a panel of experts examine the dramatic rise in China’s debt.
Last year saw one of the deepest and shortest recessions in history. However, although extraordinary fiscal and monetary stimulus was unavoidable to dampen the economic burden of the pandemic, it has rekindled the debate of "How much is too much?" After more than a decade of almost constant accommodative monetary policy, is there a way back to markets independent of stimulus? What is the role of capital markets in addressing societal issues? And are there solutions to growing dislocations and divides?
David Hunt, President and Chief Executive Officer at PGIM, joined the opening session at Milken Institute’s 2021 Global Conference for an insightful conversation on global capital markets.