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Has China Peaked?
Foreign Policy Live
The Debt Problem and the Importance of Local Government Officials
The US should rest assured that this is not really worthy of their competition. The number of committees that American companies, officials have to sit every week has nothing related to their core business. If you look at the balance sheet, it's pretty healthy with a lot of fiscal capacity. And I believe that now is the moment where the state, including local officials, should step back and let the market do its job.
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