Opinion
Published on: 08. February 2021

Should China be afraid of a financial crisis?

China is facing a new financial crisis – or so it is often said. That Beijing could face a major financial crisis is rarely debated. Yet the Chinese government is not limited in its spending in its own currency. It is unthinkable that the Chinese central bank, as the creator of the yuan, would refuse to make Chinese government payments.

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Last updated: 24. July 2025
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