China’s command economy


Controlled market: A man walks past a construction site in Beijing. China’s unique ability to control its market ensured that predictions of a yuan crash, a debt crisis and an economic hard landing didn’t play out.

Investors underestimate the market, where leaders can cancel or forgive debts and control the currency.

ONE hedge fund investor says Kyle Bass, Jim Chanos and other China bears are missing a key piece of the equation.

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Business , hedge fund , China , bull , bear

   

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