Mises Wire
Author:
Robert Blumen
Online Publish Date:
Economist Brad Setser (Director of Research, Roubini Global Economics ) has authored a paper The Chinese Conundrum: External financial strength, that will eventually give rise to a new generation of bad loans. Investment growth is sure to slow at some point. Moreover, China’s overall economy is broken in two respects: one, that the banks are political entities, not economic firms, and as such face the problem of central planning: without private