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2024: Issues of Financial Security for China.
Below translated via DeepL and a few homo sap tweaks, an article on financial security from the online crowd-sourced MBA Knowledge Base Encyclopedia MBA智库百科 . The section of the article on Issues of Financial Security for China I have placed first. The full text comes after that excerpt. Google Translate can help sino-illiterates explore some of the Chinese perspectives in this online…
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In addition, developing local capital markets could help create a source of stable, long-term domestic funding for banks," it added, saying that too much dependence on capital from foreign owners had triggered the boom-bust cycle "In good times it facilitated unsustainable credit booms, which were difficult to control for policymakers. In times of tight global liquidity, it exacerbated the retraction of credit supply, again with little scope for domestic policymakers to counteract," it said. "There is no evidence that greater access to foreign funding improved the economic growth performance in CESEE over the cycle."
