Sunday, January 31, 2016

Is China Headed for a Financial Crisis? Or...?

All of the pieces are in place for a financial crisis in China. The currency is weakening and, if left to the market, would likely plunge further. Capital outflows have hit record levels. Reserves are in retreat. A dramatic selloff on Shanghai’s stock market has wiped out all the gains from 2015’s bull run. The leadership, usually lauded for its sagacity, has at times seemed befuddled about what to do.

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