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Chinese economic slowdown is a result of debt supercycle | Kenneth Rogoff
Artificial intelligence (AI) | The Guardian www.theguardian.com
Some blame falling global demand, but borrowing by government and property sector has held back growth
The 2008 financial crisis in the US kicked off a debt supercycle, which spread to Europe in 2010 and has recently engulfed many of the world’s low-income and lower-middle-income countries. Could the debt woes of Country Garden, the behemoth Chinese real estate developer now facing billions of dollars in losses, augur the cycle’s next …
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