The Chinese economy's fatal flaws

Source: Ludwig von Mises Institute
by William Hongsong Wang

"Dr. Per Bylund’s recently published article poignantly states one of the core problems in the Chinese economy and its the state-manipulated Keynesian foundation. I do agree with his opinion. And if we dig deeper into the exact situation of Chinese economy, we will find that it’s a typical failing of the Keynesian, cronyist system. By using the perspective of Austrian business cycle theory, lets take a look at China’s real estate industry, which is suffering more and more painfully from artificial credit issued by China’s central bank, the People’s Bank of China (PBC)." (08/22/17)

https://mises.org/blog/chinese-economys-fatal-flaws