Trump just tried to explain what China will do next, and he sounds jealous lopezlinette
In fact, you could say he sounded jealous that Chinese policymakers had so much control, saying the US would win if he were allowed to direct the economy the way they do.In a tweet on Monday, President Donald Trump tried to explain what the Chinese government will do to assist its economy during the trade war, and he sounded a bit jealous that Chinese policymakers have so much power over their economy.
After a while, it seemed clear the country couldn't grow without a gargantuan amount of new credit being created every year. The shadow-banking system — a system of unregulated lenders — had grown toA few years ago, China's policymakers "If we think about what happened over the last year we have a credit induced slowdown with a straightforward fix — just increase credit," Charlene Chu, a China analyst at Autonomous Research, told Business Insider, calling the trade war a"very different type of shock."
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