China 2020 outlook: only LGFVs and the tech sector to shine
In the middle of an economic slowdown, the world’s largest state-run economy goes back to what it knows best. Infrastructure, debt ... and lots of it
In troubled times, everyone relies on time-tested formulas that have worked in the past and China is no exception. When in doubt, throw a lot of debt around and hope that some of it sticks in the form of massive infrastructure projects and other feel-good forms of economic stimulus.
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