There's a correlation between where these swap lines are being drawn down and the bad debts that are out there for China. But Xi also says she can't prove that. Then again, Xi also says, it doesn't matter because money is fungible. And if you get money in central bank reserves that frees up money elsewhere on government balance sheets, it can help governments use bolster their economies.
Bloomberg News Equities Reporter Yiqin Shen discusses Alibaba's plans to split its $220 billion empire into six main units that will individually raise funds and explore initial public offerings. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, shares the details of the company's 4th annual State of Nursing Report. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Writer for Economics Shawn Donnan talk about Shawn's Businessweek Magazine story China Becomes Lender of Last Resort for Developing Countries. And we Drive to the Close Brian Allen, Director of Fixed-Income at CS McKee Asset Management.
Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan.
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