Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
China-specialist investment analyst looks at the options the country has to keep its growth rates from falling, but there are few remaining and they are running out, fast. To rebalance its economy, domestic consumption must outgrow industrial and manufacturing investment, which it is, but not at a rate to stop the overall economy slackening. The only tool left to the government is stimulus, which in China means investment, which will actually reverse the rebalancing process.
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