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NOTHING IS PERMANENT EXCEPT CHANGE

China can no longer rely on real estate for growth. It’s now turning to railways and more debt

  • In the past, the Chinese government looked to real estate to stimulate growth.
  • But now, Beijing is trying to stop the risks of high housing prices from spilling over into the rest of the economy.
  • That leaves authorities with the option of infrastructure spending, which will add even more debt to an already leveraged system.

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Why China’s Debt Defaults Look Set to Pick Up Again: QuickTake

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CASE STUDY N0.1293: KINH TẾ TQ ĐANG RẤT XẤU

28/05/2020, 3:51 AM

https://nationalinterest.org/blog/skeptics/pompeo-cuts-special-us-trade-relationship-hong-kong-157996

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