Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says
by woodandsteel on Thursday May 25, 2017 @08:55PM
(#14421341)
>It seems like smart people have been predicting that China's growth is unsustainable on a regular basis for at least 15 years
If you mean sound growth, they were right. That has ended and growth is increasingly based on financial tricks that will make things worse in the long term, so I would say the experts turned out to be correct.
Also, even with all the debt, yearly GDP growth is down from the previous 10% to something like 6%, so again the experts were right.
If you mean sound growth, they were right. That has ended and growth is increasingly based on financial tricks that will make things worse in the long term, so I would say the experts turned out to be correct.
Also, even with all the debt, yearly GDP growth is down from the previous 10% to something like 6%, so again the experts were right.