After a few years of more restrained growth since 2016, China’s macro leverage i.e. the ratio of all debts (public and private) to GDP, soared in 2020 from c. 250 to 275% of GDP. Priority for 2021 is to restablilze the ratio.
bloomberg.com/news/articles/… https://t.co/rvyHP6HjuD
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,…