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1.Market Observations, 8.Was Sticky

22 Mar 2017 (AFR) – OECD warns China on debt, overcapacity

(22 March 2017, AFR, p12, by Angus Grigg)

‘China needs to address high corporate debt levels and over-capacity in the real estate and heavy industrial sectors if it is to achieve an “orderly rebalancing” of its economy, according to the world’s premier economic grouping. The annual China Survey from the Organisation for Economic Cooperation and Development released on Tuesday also highlighted inequality as one of the major problems facing the country, along with higher-profile issues like the environment, slowing growth, unreliable data and productivity. It said China’s fiscal spending should be directed at…’

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