Greening China’s Financial Markets: The Risks and Opportunities of Stranded Assets; Briefing Paper

The rise and fall of different technologies, products, and businesses is central to rising productivity in healthy, well-functioning markets. This process can result in ‘stranded assets’, assets that have suffered from unanticipated or premature write-downs, devaluations, or conversion to liabilities. 1 Stranded assets are therefore a regular and necessary feature of dynamic economic systems, a phenomenon inherent in the ‘creative destruction’2 of economic growth, transformation, and innovation.