The Dig: Clash of Empires w/ Ho-fung Hung
Jacobin Radio
00:00
Is China Going to a Crisis?
The nature of the Chinese crisis is more comparable to the long-blowing slowdown in Japan since the 1990s. China won't get close to this 1997 Asian financial crisis, but it will be more like Japan. The government refused to let the unprofitable and in-depth the company to go bust. So they keep belt them out and become zombie company. They just keep buying time, but at the same time prolonging the crisis.
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