China on the Edge of Recession
The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China’s debt — over $50 trillion — has grown to the point it can’t afford it.
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The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China’s debt — over $50 trillion — has grown to the point it can’t afford it.
Episodes that made a difference involved an ideological and philosophical battle about policy and the role