China’s Grand Belt and Road Initiative: Another Overbuilding Debt Bomb

China doesn’t just print money like the rest of the developed world. Instead, it “prints” condos… and roads, railways, bridges, office buildings, and malls. All with less visible local debt that the Chinese government implicitly guarantees.

 

 

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=322193&preview_id=322193&preview_nonce=2d19a06ced&preview=true

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.