And the CCP obsession with sound money to promote RMB internationalization means that household income will remain weak with little stimulus forthcoming
And the CCP obsession with sound money to promote RMB internationalization means that household income will remain weak with little stimulus forthcoming
And the CCP obsession with sound money to promote RMB internationalization means that household income will remain weak with little stimulus forthcoming
Well for years they were advised to quit their property addiction - and so now they are...
The problem is that in trying to solve one problem (property) it has created another (under consumption)
Unless BRI capital outflows can pick up the slack, China is stuck in a liquidity trap
Japanese capital exports helped immensely in the 1990s & 2000s yet they were mired in deflation
All policies have winners and losers... that's why elections are useful
There are no "elections" in the Sino-Russian sphere