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China’s long term ‘advantages’ over the US
What will work better between USA and China, short-term economic cycles or long-term systemic assets or baggage? The picture may look not so clear if seen from Beijing. USA-China mirrors Beijing has just launched a whole array of measures aimed at compensating for lackluster growth at the beginning of the year, and its main thrust is about pouring money into the market – but this may exacerbate the situation, as Reuters reports: Latest official data shows financial institutions issued 5.5 trillion yuan ($766.12 billion) worth of long-term deposits known as certificates of deposit (CD) in the first quarter of this ... (full story)