China invests in overcapacity – Victor Shih

Image by Fantake via Flickr

Our speaker Victor Shih has been digging up an internal report by China’s central bank the People’s Bank of China (PBOC): most of the stimulus package goes to state-owned construction companies. For the time being Shih sticks to his guns: it is very doubtful China’s stimulus packages might work.

Please follow and like us: