China in the Debt-Deflation Trap
In the wake of a global stock market sell-off triggered by economic turmoil in China, the US Federal Reserve has decided to postpone raising interest rates. And, indeed, China is facing huge challenges, with the risk of a global debt-deflation trap being a major one.
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HONG KONG – In the wake of a global stock-market sell-off triggered by economic turmoil in China, the US Federal Reserve has just decided to postpone raising interest rates. Indeed, China is facing the huge challenge of dealing with the risk of a global debt-deflation trap.