China is able to borrow at negative interest rates for the first time ever. That means people are paying the communist regime to take their money. They issued bonds denominated in Euro. Of course, record-low central bank interest rates around the world are the main driver. But some analysts say China’s so-called miracle economic recovery helped push the cost of borrowing down. Daniel Lacalle, the chief economist at the Tressis hedge fund talked about that in his latest op-ed for The Epoch Times. He says China’s GDP figures are manipulated by the Chinese regime and don’t reflect the reality there.
Daniel Lacalle: China Is Manipulating Its GDP Numbers
NTD Business Nov 20, 2020
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