sobota, 4. maj 2024

China: consumption or investment?

"The FT makes a point: “China’s central government is one of the least indebted in the world… If China is to sustain its long run of economic success, it is down to Beijing to act.” But the FT’s idea of action is for government to make cash handouts to households and ‘free up’ the private sector. But it’s not a turn to a consumer-led market economy that China needs to get the economy going again, ... damijan.org več »

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