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For the previous few years, economics have been making an attempt to persuade China to rebalance its financial system – however to no avail. Nonetheless, latest feedback by CCP officers recommend that Xi does certainly have a plan to repair the financial system by redirecting funding away from property in direction of science. On this video, we’re looking at what this implies, and whether or not tech funding can actually simply be as unsustainable as property.
Why the IMF is Fearful About China’s Economic system
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1 – https://jobenomics.com/consumption-based-economy/
2 – https://www.wsj.com/articles/one-of-chinas-poorest-provinces-faces-imminent-debt-problem-5ca1becf
3 – https://en.wikipedia.org/wiki/Duge_Bridge
4 – https://www.customary.co.uk/information/london/hammersmith-bridge-reopen-cars-fifth-anniversary-closure-london-b1150824.html
5 – https://twitter.com/michaelxpettis/standing/1772272088935518517
6 – https://en.wikipedia.org/wiki/The_Great_Stagnation
7 – https://information.12371.cn/2016/05/31/ARTI1464698194635743.shtml
8 – https://www.strategictranslation.org/glossary/new-round-of-techno-scientific-revolution-and-industrial-transformation
9 – https://scholars-stage.org/saving-china-through-science-and-technology/
00:00 – Introduction
01:01 – The Form of China’s Financial Disaster
04:13 – What’s Xi’s Plan?
07:49 – Sponsored Content material
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