tag:blogger.com,1999:blog-7713394782406533224.post3176078704768696164..comments2023-10-30T12:04:51.276-04:00Comments on IICS: New Paper Claims Infrastructure Investment Destroys WealthLZhttp://www.blogger.com/profile/05082516166181943903noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7713394782406533224.post-69739557851274276292016-09-07T23:00:23.500-04:002016-09-07T23:00:23.500-04:00'The trillion dollar question is how does Chin...'The trillion dollar question is how does China recognize the losses?'<br />No, the trillion dollar question is, is the author blowing smoke up our asses? <br />China's infrastructure investments have been immensely profitable and will continue to be for some time (there is no 'collapse').<br />Anyone with a serious interest that goes beyond the usual 'the sky is about to fall on China' b.s., would do well to read the only serious, well-funded studies of their strategy:<br /><br />James White's report: http://www.cfsgam.com.au/au/insto/Insights/How_investment_transformed_China/<br /><br />And the Federal Reserve's: "Is Government Spending a Free Lunch? Evidence from China”. Federal Reserve Bank of St. Louis. https://research.stlouisfed.org/wp/2013/2013-013.pdf Godfree Robertshttps://www.blogger.com/profile/06178509602799506224noreply@blogger.com