A compelling look at the flaws in the Chinese economy

But Dinny McMahon’s predictions might yet prove too gloomy. The zombies that appear in Chinese legends are not quite the same as their Western counterparts. They feast on blood, not brains, and hop about rather than staggering forwards. The differences extend to economics. Chinese officials, like their Western peers, openly fret about zombie companies—insolvent firms kept … https://econ.st/2HkqZ8b

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