In recent decades, G7 share of global GDP and world trade collapsed. But also striking that since 2014 it has stabilized. From @SimonEvenett @BaldwinRE volume

Behind China, Denmark is the largest Mink farmer in the world – 17 m v. 20 m in China. Thankfully demand is slackening and prices

Foreign investment in Chinese fixed income is heavily skewed towards central gov bonds of which foreigners hold at least 8.5% in mid 2020 up from