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' Yet, perhaps there is some room for optimism, faint though it be.
From the same NY Times article :
Quote
The cabinet called for stimulating the economy through faster construction of railroads, schools, clinics and other infrastructure. With the Chinese economy still heavily dependent on investment spending, some economists are optimistic that China can quickly reignite growth.
“When you’ve got state banks lending to state enterprises to implement the state’s five-year plan, you don’t have a lot of downside to investment,” said Paul Gruenwald, a former International Monetary Fund official....
emphasis added.
Socialism comes to the rescue!!
...or is it State Capitalism?
You can't tell the difference without help from the Brainwashing Machine!! · · ·
