Credit Suisse Warns Chinese Authorities Risk Losing Control, Hard Landing Possible

A Credit Suisse report considers the world economic picture and is concerned about China and its currency, voicing speculations that “Chinese authorities risk ‘losing control' of the economy.” The impact of China on the world economy, a hot topic particularly as global markets have crumbled year to date, could ultimately lead to “substantial implications across the investable universe.” In particular, this could impact a U.S. Federal Reserve interest rate hike . . .


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