"The powerful Chinese state was instrumental in shielding the country from the 1998 and 2008 financial crises."
Likely true in 1998, but it remains to be seen whether China really insulated itself from 2008 or whether it doubled down and now has a tremendous overhang of worthless assets, entrenched interests defending them, and no clear way to write them off. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
