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Listed Chinese Firms Bought $192 Billion Worth of Opaque Investment Products in 2017
Chinese companies are buying more opaque, high-yielding investment products that are used by banks to raise funds and boost lending, a potentially troubling sign for China’s debt-fueled economy.
Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
Just 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed.
Populist swing alarms financial titans
The $160bn Bridgewater hedge fund produced a chart last year about modern politics that was alarming for at least two reasons. First, the number crunching revealed that the proportion of votes garnered by populist, anti-establishment candidates in the west, such as US President Donald Trump, France’s Marine Le Pen and Jeremy Corbyn, leader of the UK Labour party, exploded from 7 per cent in 2010 to 35 per cent in 2017.