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Thursday, April 6, 2023

Fundamental: Can China’s Long-Term Growth Rate Exceed 2–3 Percent?

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Alert Alert Apr 6, 2023, 11:15pm
 
Fundamental: Can China's Long-Term Growth Rate Exceed 2–3 Percent?
China has the highest investment share of GDP in the world. It also has among the fastest growing debt burdens in history. These are not unrelated. With growing amounts of investment directed into projects whose economic benefits are less than their economic costs, the surge in China's debt burden is a direct consequence of this very high investment share. ...
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