China’s 2015 budget is out, and it doesn’t add up. It will take a great deal of creative accounting at the local-government level to avoid a recession-inducing fiscal squeeze.
WSJ.com: Heard on the Street, Wall Street Journal: Markets: Heard on the Street
Thu, 03/05/2015 - 1:31am
China’s 2015 budget is out, and it doesn’t add up. It will take a great deal of creative accounting at the local-government level to avoid a recession-inducing fiscal squeeze.