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Re:Beijing’s Three Options: Unemployment, Debt, or Wealth Tr... by RachelF on Sunday September 09, 2018 @11:24PM (#17949192)
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.

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