War Raises The Need For More China Stimulus

In a severe case, where a prolonged war drives oil to $170, the growth drag would be larger. That would require record additional stimulus to meet the 4.5%-5% growth target. We project fiscal support falling short, leaving growth at 4.1%.


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As The Worms Turn...

The Russians have a phrase for it: negotiation-incapable (ne peregovorosposobny)...


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