By Trieu Nguyen
China's economy has been growing dramatically for many years to become one of the world's leading economies. According to the World Bank, in 2018, China's GDP (nominal) was 13,608 trillion USD, the second-highest in the world.1 However, there is some underlying unsustainability in their development strategy that impressive aggregative economic indexes are unable to expose. This is because these indicators do not take into account the structure of the economy.
In order to counter the 2008 financial recession, the government of China has been following expansionary monetary policy with different instruments,