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3Novices:Can the world’s largest credit excess be unwound? Luckily, Beijing has a plan

From a global macroeconomic perspective, we encourage readers to consider that the world is experiencing an extended, rolling process of deflating its credit excesses. It is now simply China’s turn.
For context, Japan started deflating their credit bubble in the early 1990s, and has now experienced more than 20 years of deflation and very little growth since. The US began its process in 2008, and after eight years has only recently been showing signs of sustainable recovery. The euro zone…
April 21, 2017 at 02:28PM http://ift.tt/2ob4nx9
#3Novices #News #OnlineMedia #China 3Novices China

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