Economics
China Proves Doubters Wrong For Now as Credit Boom Stokes Growth
- Same old playbook as growth relies on an epic borrowing binge
- Nation’s debt expansion is one of the greatest in history
China GDP Tops Estimates on Back of Credit Boom
This article is for subscribers only.
You can’t have your fish and your bear paw too.
The ancient parable (the Chinese equivalent of the English-speaking world’s cake-based dilemma) pretty much sums up the current state of play within the nation’s $10-trillion plus economy.