Unexpected China Factory Contraction Confirms Deflationary Headwinds, Overcapacity
Anti-globalists and China bulls fiercely resist the idea that China can do much of any wrong. And China is certainly better led that the US and has had a simply extraordinary economic run. However, China’s leaders, from Xi Jinpeng on down, are admitting to something they had fiercely denied was happening: that China’s answer to […]
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