The Coming China Currency Shock

GreatWallThe Coming China Shock -Project-Syndicate
"In September 2018, we argued that China’s economic and foreign policies were defying the 'laws' of economics and geopolitics, and warned that the situation could not last. Since then, our assessment has been borne out, and our concerns have deepened. Until recently, China had been able to pursue a unique development path, owing to the government’s far-reaching control over the economy (and society more generally). But those days are over.

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