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Chapter 494 - To the Ocean (2)
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Chapter 496 - A Crisis is Another Chance (2)
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... rying to lower its debt-to-equity ratio out of fear of a fall in its credit rating. But the debt-to-equity ratio was ignored when the 2008 financial crisis hit the world.
Since each nation was about to go bankrupt, being in debt no longer seemed to be a big deal. As the U.S. used its key currency status to issue large amounts of dollars, euro countries and Japan increased liquidity by conducting deficit finance. China was no exception. It released unlimited funds into the market, which ...
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