EFTA Document EFTA01459007

6 December 2015 Update: China Monthly: Rising challenges will trigger more policy easing in 2016 divergence in monetary policy between China and US will likely make financing of external debt increasingly more expensive. According to the BIS data, as of June 2015, China's cross-border borrowings were around USD1.2trn in Q2 2015. Although it is likely the 3Q number would have declined, the overall size of short- term debt remains quite sizeable. Second. China is likely to continue to face