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State Led Investment in China
We're in the same boat with marco rubio and josh holly. As you've covered before, these guys are writing big papers about how private capital in america is basically on strike. The return on capital that you now get in china for putting money into projects is weighed lower because all the good projects have already had weight os much money a them. For the past 15, 20 years, are really starting in two thousand eight to over build as a way to chuse g d p,. which is tied into promotion cycles and what have you. So lingn the downside of all this bad debt and having to pay a ridiculous amount of interest and whould have you,