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They do some bloodletting to let off some pressure from time to time. This pushes the full blown crisis further down the road. However this time they are in an
by fspeech 8y ago
They do some bloodletting to let off some pressure from time to time. This pushes the full blown crisis further down the road. However this time they are in an obvious bind over the real estate price boom and there is no easy way out.
- seanmcdirmid 8y agoThe can kicking only makes the eventual crisis even worse. Real estate is one area of weakness waiting to blow but debt, especially local government and SOE, is definitely another.