Autor

Jörn Petring

HUAIAN, CHINA - DECEMBER 06: Aerial view of Evergrande Metropolis or Evergrande Mingdu housing complex on December 6, 2021 in Huaian, Jiangsu Province of China. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx CFP111360592090

People's Congress: Where 1.5 trillion euros of new debt will go

At the conclusion of the People's Congress, the delegates approved trillions in new debt. The bulk of the money will continue to flow into infrastructure and industrial subsidies. This means that the fundamental shift towards more domestic consumption has once again failed to materialize.

Von Jörn Petring