The Traderszone Network

Published in TZ Latest News 6 May, 2014 by The TZ Newswire Staff

The World’s Poorest Continent May Not Have Food, But It Is About To Have A Monorail

It is a well-known fact that the primary driver of China’s hollow if scorching (and now slowing) growth over the past decade was an unprecedented surge in fixed investment – a surge so strong it has led to the proliferation of ghost cities across the mainland, and even the Beijing politburo is getting concerned that the epic overcapacity, which incidentally does not pay any cashflows even though it is funded by debt, will lead to an even more epic non-performing loan bust, hence the attempts to slow down Chinese “growth.”

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