China is supposed to be a wealthy nation, but the Moody's ratings agency is expressing concern that China is borrowing a great deal of money (presumably for its stimulus and bailout programs) and going into debt. As I've said, China's economy is in even more trouble than America's economy, and by the Law of Diminishing Returns, the bailout and stimulus programs are less and less effective. Telegraph
thrive wrote:> What is the source of the money being borrowed? After reading the
> article I am not clear... And does it matter?
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