Rich world observers tend to underestimate globalization of China’s banks because they are active above all "in poorer markets that Western lenders either never entered or are now abandoning” = one place to recycle China’s $ export earnings.
economist.com/finance-and-ec… https://t.co/6bhCsN0Wqs
A dramatic feature of LatAm’s last decade (ok, 2008-2020) has been a collective devaluation by more than 2/3! GREAT data
A dramatic feature of LatAm’s last decade (ok, 2008-2020) has been a collective devaluation by more than 2/3! GREAT data as always from daily shot