Relevant:
- The US government lost nearly $1 trillion this past fiscal year. Again.
- China's credit extension up 103.6% year-on-year in Jan
- China bad debt spikes by more than a third
- Moody's warns of global shockwaves as fallout from China slowdown threatens growth prospects
- U.S. fiscal year deficit widens to $666 billion
2015-11-13 — bloomberg.com
China is turning to increased fiscal outlays as monetary easing, a relaxation on local government financing, and an expansion of policy banks' capacity to lend, struggle to stabilize growth in the nation's waning economic engines. Meantime, government revenue has been strained as companies face overcapacity, factory-gate deflation and the slowest annual economic growth in a quarter century.
See also China's Troubled Credit Swells to Sweden-Sized $628 Billion.
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