China – A Dangerous Combination

#ChinaSlowing Updated with data for June 2018. – China Money Supply M1 YoY 18M lag (orange) – China 10 Year Govt Bond Yield (light blue/green) – $CNYUSD #CNYUSD (blue) – LME Copper Grade A USD per Metric Tonne (pink) Hello …

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SILK ROAD BLUES: China’s Global Building Spree Runs Into Trouble in Pakistan. “To fund a 70-nation infrastructure initiative, Beijing has been extending loans in opaque deals often contingent on using Chinese contractors.”

via WSJ: Financed and built by Chinese state-run companies, the soon-to-be-finished overhead railway through Lahore is among the first projects in China’s $62 billion plan for Pakistan. Beijing hoped the $2 billion air-conditioned metro, sweeping past crumbling relics of Mughal …

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