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Bloomberg estimates show every one dollar of new credit created now yields about 17 cents in GDP growth as old polices of state led growth are no longer working. This compares to over 83 cents in 2007. Financial repression by reducing interest rates for savers is further depressing consumer spending when it is most needed to rebalance the economy towards domestic consumption.
Grouped Articles
Wall Street Journal 07/01/2013
Wall Street Journal 07/15/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
China Forecasts 7.6% Economic Growth in 2013
Wall Street Journal 12/27/2013
Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
Grouped Articles
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
Abe Win Is Good for the Neighbors
Wall Street Journal 07/22/2013
Brazil's Currency Slides to New Low
Wall Street Journal 08/19/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
Indonesia Faces Price Rise as Currency Weakens
Wall Street Journal 09/04/2013
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
Grouped Articles
As China’s Economy Slows, the Pain Hits Home
New York Times 01/29/2014
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal 09/18/2014
China Lowers Growth Target to About 7%
Wall Street Journal 03/05/2015
Reform in China: The quiet revolution
Economist 04/18/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
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