Tuesday, August 29, 2017

Is China's Economy Just A Giant 'Ponzi Scheme'?

The only thing keeping the Chinese economy going is the determination to keep the Chinese economy going. Every new steel mill creates more demand for steel, to expand port facilities and build ships to carry iron ore to make more steel for steel mills, ports and ships. And more steel, obviously.

from Forbes Real Time //www.forbes.com/sites/douglasbulloch/2017/08/29/is-chinas-economy-just-a-giant-ponzi-scheme/
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