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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
A Manufacturing Slowdown Carries Over to 2014 in China
New York Times 01.22.2014
As China’s Economy Slows, the Pain Hits Home
New York Times 01.29.2014
China Speeds Economic 'Transformation'
Wall Street Journal 03.06.2012
Its Growth Targets Elusive, China Focuses on Jobs and Quality of Life
New York Times 03.13.2014
Growth Rose 7.4% in First Quarter, China Reports
New York Times 04.15.2014
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09.16.2014
China's Economy Stumbles Into Stimulus
Wall Street Journal 09.16.2014
Chinese debt: The great hole of China
Economist 10.17.2014
China Will Keep Growing. Just Ask the Soviets.
New York Times 10.24.2014
The End of China’s Economic Miracle?
Wall Street Journal 11.24.2014
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12.26.2014
China Cuts Rates to Halt a Slide in Its Economy
New York Times 05.10.2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06.30.2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08.12.2015
Economist 08.29.2015
China Unveils Overhaul of Bloated State Sector
Wall Street Journal 09.14.2015
Economist 01.23.2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04.17.2017
The Problem With China’s Economic Growth
WSJ 07.17.2017
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06.19.2018
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