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Olduvai III: Catacylsm
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PBoC Spins China’s Bad-Loan Data

PBoC Spins China’s Bad-Loan Data In a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level of non-performing loans (NPLs) in the Chinese banking sector.  It had, he said, “pretty much stabilized after a long period of climbing.  That’s a good development […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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