Dr. Harald Malmgren looks at the political fallout from Chinese economic difficulties.
News and media reporting on policy decisions is not based on top-level access but rather on interpretations provided by technocrats who may be in charge of implementation, and who operate within a strict framework of instructions.
Operating in parallel with these government entities are private businesses, regional banks, non-bank financial institutions (shadow banks), high net worth investors operating through vast holding companies, and investment funds that are somewhat like the large institutional investment funds that are found in the US and Europe, etc.
Dr. Malmgren who has access to these sources provides insight into the likely political dynamics associated with an economic hard landing.
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