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keynesian

The $6.8 trillion Keynesian bubble in China [Darleen Click]

American Leftists pine for the authoritarian rule in China that will make sure The State runs the economy and “gets things done” … so how is that working out? The Chinese economy has wasted $6.8 trillion (£4.3 trillion) in investment during the last four years. Six-point-eight trillion dollars. That’s according to a report from China’s National Development and Reform Commission and the Academy of Macroeconomic Research, written up here in