The Chinese economy is weakening. Industrial production is falling. China’s exports fell by 8.9 per cent, year on year in July, compared with a 1 per cent fall in the first half of 2015. Investment in fixed assets is dropping. Household spending is down.
When vast amounts of credit allow economies to expand and use the resources of capital, labour and land in the economy to their fullest extent, this expansion of credit eventually creates its...
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