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Posts with Keyword “checks-and-balances”

Cover for post Housing Bubble Reflects a Weakness in the Chinese System
economy
Housing Bubble Reflects a Weakness in the Chinese System
27 Oct 2021 · Lack of checks and balances in the Chinese system makes course correction more difficult, which led to today's housing bubble. Fortunately, China has an opportunity to deflate the bubble, but the rule of law must be implemented for long-term stability.