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Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation

Odd Lots

CHAPTER

The Dual Nature of China's Command Economy

This chapter examines the intricacies of China's command economy, focusing on its capability to direct capital towards key initiatives while addressing issues like capital misallocation and investor uncertainty. Recent events, including the real estate collapse and regulatory actions, illustrate the balance of power and risk inherent in this economic model.

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