Strategist warns of fiscal stimulus side-effects in China

Aug 5, 2009

Beware of asset price bubbles and a spike in non-performing loans, says RBC Capital Market's Brian Jackson.

China's fiscal stimulus package has boosted growth, but excessive liquidity risks major side-effects, including asset price bubbles and a spike in non-performing loans, according to Brian Jackson, senior emerging markets strategist at investment bank RBC Capital Markets, which is part of the Royal Bank of Canada.

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