The Chinese Economic Miracle Is a Sham

The Chinese Economic Miracle Is a Sham

During a three-and-a-half-hour speech to mark China’s five-year congress in Beijing, President Xi Jinping laid out his vision for the nation’s future. Xi spoke at length about economic concerns troubling Chinese leaders, including problems with medical care, education, employment, and a growing …

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Are China’s US$3 trillion reserves an economic curse?

China’s US$3 trillion foreign exchange reserves managed by the central bank have been a major source of the country’s financial problems, according to a government economic adviser.

Huang Qifan told a forum organised by the Chinese news organisation Caixin on Thursday that the People’s Bank o…

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Deals in China are reflecting ‘new economy’ shift

Morgan Stanley is bullish on its business in China as initial public offering activity there picked up after slowing the year before, a top executive at the investment bank said Wednesday.

Gokul Laroia, Asia Pacific co-CEO of Morgan Stanley, told CNBC that what he is most positive about when it cam…

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