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The Rise and Fall of China with Michael Beckley [S2 Ep.25]

Conversations With Coleman

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The Problem of Ghost Cities in China

Most of china's growth, especially since the two thousand eight financial crisis, been basically generated by just stimulus spending. Is essentially a patronage system where the top leaders in china give these firms huge loans that don't netrally, have to be paid back. Some some people go as far to say whele the whole system is going to collapse, like enron stye. But i it's not out of the realm of possibility.

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