Tagged By banking

There Is Only One Empire: Finance

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This notion of global empire being something like a baton that gets passed from nation-state to nation-state is seriously misleading, in my view, for this reason: There is only one global empire: finance. China and…

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Could China Be Turning a Corner?

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Doomsayers have plenty to work with in China. The country’s rapid buildup of debt — reaching approximately 260 percent of GDP, from 160 percent less than a decade ago — seems almost guaranteed to herald…

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Why hurdles to China’s deleveraging remain

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China’s resolve to bring financial risks under control has strengthened since mid-2016, but the likelihood of success remains uncertain, according to S&P Global Ratings. Can this round of credit control in China succeed? China’s latest…

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