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8min chapter
Macro Mondays #57 - It’s a GUNG HO SUMMER!
Macro Mondays
China's Focus on Building Middle Class and Potential Dollar Interventions
Discussion on China's strategy to strengthen their middle class, challenges faced during the COVID crisis, potential tax reforms, and lack of emphasis on short-term stimulus measures. The chapter also covers recent interventions in the dollar versus yen and yuan, analyzing their effects on the Asian FX trade, US inflation, Federal Reserve rate cuts, and Asian exports.
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Discover
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