The credibility of government guarantees to support a wide range of China’s financial assets and companies is hanging in the balance as corporate bond defaults rise.
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Carbon prices alone are not enough to reach net-zero emissions by midcentury. Additional policies are needed to complement an economy-wide carbon tax and further cut CO2 from the US energy system.
We lay out five areas where change will be needed on both sides of the Atlantic in order for the US and Europe to come together on one of the biggest challenges of the 21st century: managing the rise of China.
Bad Debts in China
The Economist Nov 26
String of defaults tests safety net for Chinese bonds
Financial Times Nov 24
How running helps to explain climate change
Axios Nov 20
Over $6bn in bond sales canceled across China as default scare spreads
Nikkei Asia Nov 20
When AAA Means Something Different in Chinese
Wall Street Journal Nov 19
China’s Next Default Pressure Point Comes Closer
Bloomberg Nov 18