China’s activist monetary policy is to blame for the frenzied speculation in its economy, creating one bubble after another. When will the party end? Photo: Reuters
China’s activist monetary policy is to blame for the frenzied speculation in its economy, creating one bubble after another. When will the party end? Photo: Reuters

Heading for the cliff: China rides the tiger of debt and bubbles

Andy Xie says the wild fluctuations in China’s stock market, bonds, property and now commodities stem from a deliberate official policy to delay the pain of dealing with high government debt and economic inefficiencies

China’s activist monetary policy is to blame for the frenzied speculation in its economy, creating one bubble after another. When will the party end? Photo: Reuters
China’s activist monetary policy is to blame for the frenzied speculation in its economy, creating one bubble after another. When will the party end? Photo: Reuters
READ FULL ARTICLE