How US Should Respond to China’s Stock Market Collapse

The article states: “For the first time in 35 years the world has finally come to the conclusion that state-led capitalism in China is no longer a valid model.”

“Growing at almost 10 percent just four years ago, Chinese growth has collapsed to approximately 5 percent (lower than manipulated official figures) and the prospects are for even slower growth.”

“Like Russia, which floated on elevated hydrocarbon prices for most of the past decade, Beijing’s gigantic debt binge of the past seven years has left China little room to stimulate growth.”



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