We have been monitoring China closely since March 2017.
We were one of the first to show that China had driven the global business cycle since 2009 and that the remarkable recovery of the world economy from the 2015 slump was mostly China's doing.
China has been very aggressive in its efforts to curtail any deeper contraction in its economy.
Because of the massive levels of the debt and unproductive investments, the economy of China is heading to a crash.
In 2019, China enacted record-breaking debt-stimulus, with the growth of both aggregate social financing to the real economy and financing through the shadow banking sector surpassing previous high-water marks.
Some are hoping that China would launch similar aggressive infrastructure and investment spending, which was seen in 2015 and 2016.
In 2015, the official budget deficit of China was less than one percent.
https://gnseconomics.com/en_US/2019/11/20/china-and-the-world-economy-at-the-end-of-the-road/
We were one of the first to show that China had driven the global business cycle since 2009 and that the remarkable recovery of the world economy from the 2015 slump was mostly China's doing.
China has been very aggressive in its efforts to curtail any deeper contraction in its economy.
Because of the massive levels of the debt and unproductive investments, the economy of China is heading to a crash.
In 2019, China enacted record-breaking debt-stimulus, with the growth of both aggregate social financing to the real economy and financing through the shadow banking sector surpassing previous high-water marks.
Some are hoping that China would launch similar aggressive infrastructure and investment spending, which was seen in 2015 and 2016.
In 2015, the official budget deficit of China was less than one percent.
https://gnseconomics.com/en_US/2019/11/20/china-and-the-world-economy-at-the-end-of-the-road/
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