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276. China’s Zombie Economy and Capital Crackdown

This Machine Kills

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China's Closed Financial System and Its Impact on the Economy

This chapter discusses the functioning of China's closed financial system and its impact on the economy, including resource misallocation, unsustainable debt, and the rise of zombie enterprises. It also explores the crisis faced by Evergrande, a massive Chinese firm, due to excessive borrowing and rapid development efforts.

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