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.
China on the Edge of Recession
- September 25, 2024
- 0
- 17 Views
You Might Also Like
-
October 19, 2024
If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
-
October 19, 2024
Ten Lessons on Us Foreign Policy from Enough Already
-
October 19, 2024
Gresham’s Law: Why Bitcoin Will Save the World