China has allocated a combined 10 trillion yuan(US$1.39 trillion)in new fiscal funding to replace hidden local government debt,or liabilities that local governments do not o"cially report.This marks one of the largest...
China deploys one of its largest-ever fiscal initiatives to address hidden liabilities China has allocated a combined 10 trillion yuan($1.39 trillion)in new fiscal funding to replace hidden local government debt,or li...
After the decoupling of the US dollar from gold in 1971,US Treasuries replaced gold as the value benchmark of the international monetary system and acquired an exorbitant privilege.Subsequently,the total amount of US ...