Beijing is prepared to push the world into another recession.
- Gordon G. Chang
- The National Interest
The Chinese economy is in distress, and the country’s currency and markets, reflecting unease, are tumbling.
Xi Jinping, the Chinese ruler, has no solutions.
The only thing he is doing is incurring more debt.
That’s extremely unfortunate because an overly indebted Beijing is again set to push the world into recession.
China, through predatory policies, precipitated the global downturn last decade, and it looks like it will cause the next one as…
Last time, the…