Xiaoxi Zhang
China Finance Analyst
Xiaoxi covers the Chinese financial system, including banking and capital markets. She joined Gavekal Dragonomics in 2019. She has a BA international finance from the Central University of Finance and Economics in Beijing, and an MA in applied economics from Cornell University.
-
Gavekal Dragonomics
March 23, 2020
Rural Banks On The Brink
The economic stress of the Covid-19 outbreak is all but certain to cause a rise in nonperforming loans. Even before the outbreak, China’s rural commercial banks—its smallest and most troubled lenders—were already short of capital and performing poorly. As Xiaoxi shows in this piece, another jump in bad loans will push more of them into distress.
0 -
Gavekal Dragonomics
March 9, 2020
Limited Help For Struggling SMEs
Chinese policymakers have announced a wide range of monetary and fiscal measures intended to help the smaller firms hit hardest by the Covid-19 outbreak. The helpfulness of these measures will likely only be marginal; however, Thomas, Xiaoxi and Wei are cautiously optimistic that most SMEs can still weather the ongoing crisis.
-
Gavekal Dragonomics
February 20, 2020
A Looming Private Liquidity Squeeze
A March spike in maturing bonds is going to mean significant liquidity challenges for many companies, particularly as they continue to grapple with the coronavirus and its economic fallout.