3 ms·
Maybe a dumb question. What is backing all the state subsidies? Can't print money forever without also inflating a bubble.
by Too 2y ago
Maybe a dumb question. What is backing all the state subsidies? Can't print money forever without also inflating a bubble.
- mooreds 2y agoThe savings rate of Chinese consumers is super high. More details here: https://carnegieendowment.org/china-financial-markets/2023/12/what-will-it-take-for-chinas-gdp-to-grow-at-4-5-percent-over-the-next-decade?lang=en https://carnegieendowment.org/china-financial-markets/2023/1...