China’s Urge to Splurge Is the Wrong Growth Model
A couple stand near a Chinese national flag on a ferry crossing the Chang Jiang river in Wuhan, China. (Photographer: Tomohiro Ohsumi/Bloomberg)

China’s Urge to Splurge Is the Wrong Growth Model

(Bloomberg Opinion) -- Economic growth is frequently thought of as the marriage of policy frameworks and market outcomes, with little consideration of path dependence and social preferences. In Chi...
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