Listen Again: Understanding China
Talking Geopolitics
00:00
Is China So Fearful of a Financial Crisis?
China has an authoritarian regime that's a really strong constraint on the government there at the moment isn't it? Yeah and that's in that really ships the way they approach their economic model. They just feel like they cannot tolerate and major downturn or at least a prolonged one. That prevents them from having a recession that that burns off a lot of the inefficiency.
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