mandag 7. september 2015

China May Never Get Rich

There are already signs that China's institutions are beginning to hold it back. In the wake of the country's dramatic stock market crash and the slow deflation of its real estate bubble, zombie companies are starting to appear across the landscape. Zombie is the term for companies that are not really profitable, but that survive on a continuous stream of cheap loans from banks that can't afford to let the companies fail. Read more