In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital.
Economics
Chris Dillow: OUTSOURCING: A TRANSACTIONS COST APPROACH
Leave the dogma behind, and the numbers tell a different story about privatisation: It is not cheaper, better, or more efficient. Read here
Finance
Tech EU: Getir acquires German competitor Gorillas in $1.2 billion deal
Turkey’s ultrafast grocery service Getir has officially announced the acquisition of Berlin-based Gorillas for $1.2 billion, giving the combined group a $10 billion valuation. The deal is reportedly mostly comprised of equity, with around $40 […]
Economics
Bill Mitchell: US inflation rate down to 3 per cent and falling fast – it was transitory, folks
The inflation is burning out pretty quickly. I consider my assessment that this was always going to be a transitory period of inflation has been validated by the data. I also think we have reach […]
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