Not Political Risk For China, But Unwelcome Reality

By |2017-09-26T16:43:42-04:00September 26th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

China’s Communist Party concluded the Third Plenum of its 18th Congress in November 2013. It was the much-discussed reform mandate that many in the West took to mean another positive step toward neo-liberal reform. At its center was supposed to be a greater role for markets particularly in the central task of resource allocation. In some places, the Party’s General [...]