中国巨债：经济奇迹的根源与未来

Language:Chinese.HardCover. Pub Date: 2014-10-1 Publisher: CITIC Publishing House in the past 20 years. China's rapid economic growth has been over the envy of many countries. while enabling other emerging market economies aspire to emulate. Chinese macroeconomic data show beautiful. why each individual was feeling difficult? Because a lot of investment has been wasted. Local government and state-owned enterprises under the soft constraint system. debt expansion and rising overcapacity mirror each other. such as the spread of cancer cells. destined to long-term maintenance. Now. the bell has sounded. The book argues that the current Chinese economy hides a huge financial risk. Institutional factors that lead to excessive investment. excessive investment leading to excess capacity. excess capacity can be a huge debt leverage support. but it is difficult to last long. If the e...