Germany displaces China as US Treasury's currency villain

W.G.Ewald

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The IMF said there is little doubt that investment in plant and infrastructure has driven China's great boom over the last thirty years but the law of diminishing returns is setting in.
Diminishing returns - Wikipedia, the free encyclopedia

The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of one factor of production, while holding all others constant ("ceteris paribus"), will at some point yield lower per-unit returns.[1] The law of diminishing returns does not imply that adding more of a factor will decrease the total production, a condition known as negative returns, though in fact this is common.
 

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