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China's push for RMB internationalization

Sinica Podcast

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The Global Financial Crisis and the Global Economic Crisis

I made a mistake in the wake of the financial crisis thinking that this economic reductions would be sufficient for decoupling to start. I didn't factor in the politics and we needed to have critical political mass for this to happen now in China she coming to power was one part of the equation. The inequality that was created because again of that those dynamics both in income and in wealth terms led then to the populist choices of Brexit if you'd like in London, he says.

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