China defies IMF on mounting credit risk and need for urgent reform
If you think China's Communist Party fully understands the mess it has created by ramping credit to 200pc of GDP and running the greatest investment bubble know to man, read its shockingly complacent response to warnings from the International Monetary Fund.
Link to Ambrose Evans-Pritchard's column in the London Telegraph re the mounting credit risk in China.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10186546/China-defies-IMF-on-mounting-credit-risk-and-need-for-urgent-reform.html
No comments:
Post a Comment