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China's struggling economy: Growing debt woes and market disillusionment

China's struggling economy: Growing debt woes and market disillusionment
I tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH.We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant devaluation (like in 2015) is off the table.At the same time, China problems continue to worsen. Today we learned that China trust company Zhongzhi is planning a debt restructuring and it looks like debt problems are cascading. Moreover, it looks like the... Read More
Posted: Aug 17 2023, 14:14
Author Name: forexlive
Views: 102381

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