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China has been printing money since 2009. thus the 11 trillion off the book debts for local governments.
by pragmomm 2y ago
China has been printing money since 2009. thus the 11 trillion off the book debts for local governments.
- kredd 2y agoThat’s 15 years. Why not for another 15 years? I mean eventually things might crash, but as the saying goes, “economists have predicted 9 out of last 5 recessions”.
- pragmomm 2y agobased on the lack of big policy move from Chinese government this year, many thinks China has now run out of powder.