Australia exports its “growth” model

…..recent economic policies in China appear to have overlooked “productivity” – the essence of economic growth – entirely and focused instead on encouraging the sale of more houses and apartments at steadily rising prices.

Australia has finally exported its economic “growth” model 😉

Source: Can ‘New’ Keynesianism Save the Chinese Economy? | The Diplomat

2 thoughts on “Australia exports its “growth” model

  1. Bill says:

    Nailed it! Except that they are relying on local population growth instead of imported population to keep demand for housing up. Same effect.

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