China’s policy choices crucial for global financial stability

Despite risks the real threat stems from the impact of a crisis on economic growth. The British historian Arnold Toynbee remarked that America was a large, friendly dog in a very small room and that every time it wagged its tail it knocked over a chair. If he had lived to witness Donald Trump’s America he would not have called the dog friendly. And he would have noted … https://on.ft.com/2wUUZ2r

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