China’s banks are carrying main burden of stimulus:
1.6 trn yuan in new credit to manufact in 1st 7 months of 2020 = 2* all of 2019.
2.46 trn SME loans under moratorium until Mar 2021
30% of loans at low rates.
What will be long-run effect?
@Birdyword
wsj.com/articles/state… https://t.co/hjVX3UdyMD
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…