FreightWaves Staff
Monday, September 24, 2018
Excessive debt burdens fuel inevitable slowdown in Chinese manufacturing, massive stimulus to come
Corporate and industrial borrowing in China in the third quarter of 2018 surged to the highest level since 2013, just as the US Administration gets ready to impose the largest round of trade tariffs so far, targeting $200 billion worth of goods. A progressively weakening economy likely means a return to old school stimulus in fixed asset investments. .