With China’s total debt hitting 317 per cent of GDP, it looks destined to join Greece on the ‘wall of shame’. But why worry when Modern Monetary Theory suggests its debts may never need to be paid?
With China’s total debt hitting 317 per cent of GDP, it looks destined to join Greece on the ‘wall of shame’. But why worry when Modern Monetary Theory suggests its debts may never need to be paid?
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