China’s banks are state-controlled institutions. Helps explain why they, unlike everyone else in world, have been borrowing in yuan to invest $1.2 trn in lower-yielding foreign currency assets.
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…