Six Chinese provinces have committed at least $17bn to bailout funds for SOE, as Yongcheng crisis in Henan demonstrated risks to provincial economies. Are the implicit guarantees going to be called? Potentially puts huge pressure on provincial finances!
ft.com/content/d75dcb… https://t.co/jklS9zZAHl
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…