Surveillance: Transition Period with Zelter
Bloomberg Surveillance
00:00
The Noise in China GDP Data
Carl Weinberg joins as chief economist, managing director of high-frequency economics. He says China's economy has been driven by investment and that investment in previous decades has had a huge rate of return on investment. But in recent years, they're using public money not to invest in productive infrastructure, but to invest in real estate,. investing public money in owner-occupied housing is a zero rate of return for GDP investment. We'll talk about the unspeakable methods at the IMF meetings which is when China will join Western restructuring processes.
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