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Yes, the debt needs to be used productively. Otherwise you borrow to build things that do not generate enough return to pay back the debt. You also inflate ass
by RachelF 8y ago
Yes, the debt needs to be used productively. Otherwise you borrow to build things that do not generate enough return to pay back the debt.
You also inflate asset bubbles, some Chinese property is as expensive as Silicon Valley or NYC, per square foot.