▶ Debt and overcapacity in China - YouTube:
"To maintain its high levels of GDP growth in the wake of the global financial crisis, China instigated a huge financial stimulus. That money was meant to go on infrastructure but in reality, most of the spending went on industrial capacity. CLSA's China strategist Francis Cheung tells the FT's Josh Noble that the problem of excess capacity is only going to get worse
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'via Blog this'
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