Andy Xie says the government’s resolve to reduce financial leverage in the economy does not extend to cleaning up its bloated state sector, or making systemic changes. That means the sound and fury is unlikely to last

China’s crackdown on grey rhinos won’t reduce its debt burden, it will only redistribute it

Andy Xie says the government’s resolve to reduce financial leverage in the economy does not extend to cleaning up its bloated state sector, or making systemic changes. That means the sound and fury is unlikely to last

Topic |   China economy

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Andy Xie says the government’s resolve to reduce financial leverage in the economy does not extend to cleaning up its bloated state sector, or making systemic changes. That means the sound and fury is unlikely to last
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