by Ahmed » 14/07/15, 09:16
Although fully engaged, and often caricatured, in an imported economic model, China has certain specificities which sometimes make comparisons with other countries difficult.
The Chinese state, in the strict sense, has a more than comfortable surplus of capital, but it is made up largely of dollars having a fairly fictitious value ...
In reality, it is more relevant to analyze things in terms of flow rather than mass; from this point of view, since 2008, the growth in annual export surpluses has dried up and it is borrowing which now makes it possible to overcome Chinese social and economic contradictions.
Here there is an effect of contamination by the external model, the same causes producing the same effects.
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