debt-fueled economy

  1. China creaks under much-needed credit crackdown

    China creaks under much-needed credit crackdown
    THE good news is China is taking a safer route in its approach to financial regulation. That, unfortunately, is also the bad news, as a crackdown on loose lending, especially after a splurge of credit into unproductive sectors, means China’s growth is and will be declining. That is significant not only because China is the world’s buyer of last resort...

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