Hong Kong at this time stays top-of-the-line offshore banking jurisdictions. I did not say that they manage the economic system but yes they are part of a broader scheme to do just that as you so eloquently explain and appear to favor. Short term printing money may present stimulus. Long run what they do is counter productive. The free markets operate more efficiently when not managed. Those who try to manage the markets end up corruptly abusing their authority because the Fed presently does. It’s best to try studying earlier than you criticize others Ralph. It wasn’t an announcement about our economic development, it was a statement about the impact of government spending on our growth.

Ashish Gupta: From 2011 we had began writing about corporate NPAs non-performing belongings. The rationale was that whereas India’s general financial trajectory was good in 2011, sure segments weren’t doing too well, and they have been some of the most indebted elements of the financial system. We started looking at how many companies have satisfactory money flows. A number of our reviews use curiosity cover as a barometer of monetary health, and that started revealing lots. We discovered that 15% of firms had curiosity …