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Why Beijing Should Dump Its Debt.
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- Author(s): PETTIS, MICHAEL
- Source:
Foreign Policy. Jan2018, Issue 227, p24-25. 2p. 1 Color Photograph.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: The article discusses the economy of China, stating that is over-reliance on over-investment in infrastructure and manufacturing capacity has generated massive debt. Topics discussed include the solution cited by economists stating China needs to strengthen the role of markets in the decision-making process and free up trade and investment flows, which will increase overall growth and boost productivity so the country can outgrow its debt.
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