China’s “wasted $6.8tn” highlights its new economic direction

Can you imagine your government publishing a report that showed $6.8tn has been wasted in “ineffective investment” in the past 4 years?  That is $6.8tn, by the way, not a typo.   And it is more than Japan’s total annual GDP, or the combined annual GDP of Germany and France. No, I thought not.  I certainly cannot remember […]