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Alibaba Splits Into Six Units

Bloomberg Businessweek

The Correlation Between Xi Jinping's Belt and Road Initiative and China's Bad Debts

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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.

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