As we listen to this very lucid discussion of what Chinese policy makers need to do in order to allow a necessary re-balancing in the world’s second largest economy, we should realize that precisely the same revelation and new approach is needed in the world’s largest economy today as well.
Patrick Chovanec, Chief Strategist at Silvercrest Asset Management, says the buildup of bad debts in China is leading to less available credit to grow the economy. Here is a direct video link.
;
