A new IMF working paper![ext]()
lays out what many China sceptics have been saying for years: the country has too much investment, and households are bearing the costs. Yes, you might have heard this many times on FT AV, from the likes of Michael Pettis![ext]()
and more recently, from George Magnus![ext]()
, but now it’s now appearing in venues such as the IMF (even if the paper warns this ‘should not be reported as representing the views of the IMF’).
Continue reading: China’s over-investment problem![ext]()
Reported by FT.com 2 hours ago.
lays out what many China sceptics have been saying for years: the country has too much investment, and households are bearing the costs. Yes, you might have heard this many times on FT AV, from the likes of Michael Pettis and more recently, from George Magnus, but now it’s now appearing in venues such as the IMF (even if the paper warns this ‘should not be reported as representing the views of the IMF’).Continue reading: China’s over-investment problem
Reported by FT.com 2 hours ago.