Relentlessness mayhem in China´s financial markets and its impact on the global economy is not having enough interest of China´s leadership, economist Arthur Kroeber tells Reuters. Their interest is too much focused on domestic affairs.
“China’s market disasters share a common and dispiriting cause,” Arthur Kroeber, head of research at Gavekal Dragonomics, wrote in a research note.
“This cause is not … that China is on the brink of an economic or financial collapse and its leaders have begun to panic… At root, the difficulty is that the Communist Party seems uninterested in setting a clear course toward a more market-driven economy.”
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