The question is will China embark on another massive state led credit expansion to offset the decline in exports as they did in 2008-09? We have our doubts.
(click here if video is not observable)
The question is will China embark on another massive state led credit expansion to offset the decline in exports as they did in 2008-09? We have our doubts.
(click here if video is not observable)
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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