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Financial Decoupling: What Are We Really Talking About?
In the context of US-China tensions, recent media reports have flagged the possibility of new regulatory or legislative interventions into bilateral financial flows.
Bart Carfagno
Content by Bart Carfagno
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Local Government Debt: Running Faster Just to Stand Still
Even if a substantial proportion of debt is refinanced, further defaults are inevitable and Local Government Financing Vehicles (LGFV) debt will continue to drag down growth in the coming years.
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Credit Risk Shifts to LGFVs
How Beijing manages this stress will be a crucible for commitments to financial reform and the deleveraging campaign.