"The instruction, given to foreign money managers, is the latest example of Beijing’s determination to support its domestic financial markets, & of its continued wariness of rapid capital flight."
https://t.co/dro8AD6Vup
Debt-to-equity swaps *can* be component of corp deleveraging, but rarely in #China. Why? B/c requires new eq holders to improve governance. When all involved=state actors w/growth & jobs mandate, when does that happen?
https://t.co/Eo3gdq3gts
CBB's Miller talks #China Q4 GDP w/ @BeckyQuick & explains why consensus views of accelerating Chinese inflation & successful supply-side reform = flawed @SquawkCNBC
https://t.co/3guDaRBXjH
“Stand up for your conscience. Use light to reveal what is concealed in the darkness. Use truth to fight the lies, and the #heart to fight the mind.” #disarmyourheart
' . . . #China Beige Book pointed to retail-industry revenue & cash-flow weakness that will delay “old economy” displacement, esp. as commodity firms such as steelmakers once more ramp up capacity & production, contradicting previous pledges.' #steel
https://t.co/SOEZ97WOZl
CBB's Scissors talks #moneyball: "The default is always property, but government discomfort with property prices, and belief the #commodities rally is over, could push money toward #stocks if benchmark interest rates are kept low, or #bonds otherwise."
https://t.co/V9D8d8GX5u
“There is nothing more rare, nor more beautiful, than a woman being unapologetically herself; comfortable in her perfect imperfection. To me, that is the true essence of #beauty.” #monicakimgarza