Head of China’s Sovereign Wealth Fund: “Both China and America are Addressing Bubbles by Creating More Bubbles”

In news of the obvious-but-taboo-to-discuss, Lou Jiwei – the chairman of China’s sovereign wealth fund – recently told a forum organized by the Brookings Institution and the Chinese Economists 50 Forum, a Beijing think-tank:

Both China and America are addressing bubbles by creating more bubbles and we’re just taking advantage of that.

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