China’s Growth Is Still on Borrowed Time — Markets aren’t celebrating

Peace and Freedom

A lot of things went right for China in the second quarter—but markets aren’t celebrating

That’s prompted surprisingly little celebration.

Markets tanked: shares in Shenzhen were down nearly 5% in early trade, as investors worried that better growth also meant a continuing crackdown on debt, which roiled markets this spring, would intensify. President Xi Jinping added fuel to the fire with tough comments over the weekend.

And the…

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