Why might China’s economy be in trouble? It could be for a variety of reasons. Could it be the massive accumulated debt by both the public and private sectors in China? Could it be the population-less cities? Could it be the over saturated real estate market; that is, more properties than buyers? Could it be corruption? As the reader will see, that is just the start of the economic challenges that China is facing which doesn’t include demographic or environmental obstacles.
Will the Chinese attempt to change business as usual or will they remain stagnant? And what kind of policies will they utilize to facilitate economic change to increase the utility, economic vitality and happiness, of the citizenry? Here’s Bloomberg’s Quick Take.
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Categories: Economic News