China Faces An Impossible Trinity As Debt To GDP To Hit Over 300% In 2-3 Years
Chinese financial engineers are currently in the process of testing what it calls the Impossible Trinity of market feats, a Deutsche Bank report says. The level of difficulty is high as China walks a debt tightrope with rising interest rates potentially creating a tricky headwind as China's debt servicing costs reach levels hard to manage.
Can capital controls mix with an independent monetary policy in China?
The past few weeks has seen Chinese interest rates start to . . .
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