This is what happens when people come back from vacation in China and try to get into Beijing. And you thought your puny traffic jams were crazy.
But there are some unofficial estimates. Like one from the Institute of International Finance (IIF) last week, which place China’s debt to GDP at 300%! https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#57963344c4d0
Jun.28 — Susan Lund, partner at McKinsey Global Institute, and Nathan Sheets, chief economist at PGIM Fixed Income, examine the McKinsey report on the growth of corporate debt. They speak on “Bloomberg Daybreak: Americas.”
China unveiled on Thursday announced a long-awaited loosening of foreign investment restrictions in sectors including banking, autos, heavy industry and agriculture. The National Development and Reform Commission (NDRC), China’s top economic planner, released a new […]