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b. Since 2008, China's investment rate has increased by about 8 percent of GDP, China's trade surplus (exports minus imports) has decreased by about the
b. Since 2008, China's investment rate has increased by about 8 percent of GDP, China's trade surplus (exports minus imports) has decreased by about the same amount (8 percent of GDP),and loans by China's shadow banking system accounts for 8% of GDP. Explain the relationship between these three facts. What might be the efficiency consequences of these trends
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