Caution against investment in suspicious companies
Earlier this year, Le Holdings grabbed widespread attention among Chinese stock investors for the dramatic plunge of its stock price after it resumed trading following a nine-month suspension.
Earlier this year, Le Holdings grabbed widespread attention among Chinese stock investors for the dramatic plunge of its stock price after it resumed trading following a nine-month suspension.
If a nationwide debt crisis, or the Minsky Moment, breaks out, the consequences will be much more catastrophic, and much more globally spread, given China’s $12 trillion economy and its trade and direct investment relations with the rest of the world.
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