[Marxism] Fwd: ZCommunications » China Shifts Course

Louis Proyect lnp3 at panix.com
Thu Nov 2 06:47:51 MDT 2017

By Jack Rasmus

The past year the US and global ‘real’ economies have enjoyed a moderate 
recovery. Much of that has been due to China stimulating its economy to 
ensure real growth in anticipation of the Communist Party’s convention, 
which has just ended. China’s president Xi and central bank (Peoples 
Bank of China) chair, Zhou, have announced, post-convention, that 
China’s real growth will slow and have warned a global ‘Minsky Moment’ 
(i.e. financial crisis) may be brewing. China will now try, once again, 
to tame its shadow bankers and speculators who have been feeding China’s 
debt and bubbles, and prepare for the global financial instability that 
is brewing.

full: https://zcomm.org/znetarticle/china-shifts-course/

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