The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China’s debt — over $50 trillion — has grown to the point it can’t afford it.
The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China’s debt — over $50 trillion — has grown to the point it can’t afford it.
Mainstream economists today examine economic phenomena from
In an outrageous act, lame-duck President Joe
