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

Topic |   China economy

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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
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