Every New Yuan of Chinese Debt Creates About .5 Yuan in Nominal Growth
12 May, by Uncategorized
in
The Chinese nominal GDP growth rate has fallen by about 66% since the peak in 2007, from 22.9% to 7.8% in Q1 2014. Meanwhile, total loan growth has basically remained flat aside from the surge in 2009. The logical deduction is that it’s taking ever...